meta_pixel
Tapesearch Logo
Log in
Main Street Business

342: 1031 Exchange - Tips and Strategies to Save You Thousands

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4584 Ratings

🗓️ 10 June 2021

⏱️ 60 minutes

🧾️ Download transcript

Summary

In this episode of Main Street Business, Mat and Mark cover some powerful strategies to help anyone who owns real estate. They cover the pros and cons of the 1031 exchange, a tax code that allows real estate investors to defer their taxes from a sale of a property to reinvest into a new property. They even cover strategies for those wanting to take advantage of this with their personal residence. To learn more, visit mainstreetbusiness.com Grab my eBook 30 Unique Strategies Every...

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome, everyone to the Main Street Business Podcast with Mark Kohler and Matt Sorensen.

0:15.4

Just another great day here on the Main Street Business Podcast.

0:18.8

We're excited you're with this here today to talk about saving taxes on real estate.

0:24.6

Yeah, excited to be here.

0:26.3

I had a really interesting weekend.

0:29.3

It was power packed with just a little of everything.

0:35.6

Power packed.

0:36.8

Yeah, let me just give you a little teaser here.

0:39.5

I'll just go through the list and then give you the highlight was, uh, first, as many of you know, my

0:45.0

HSA, if you've been following the show, has opened an LLC called the Kohler Dutton livestock

0:51.2

company, which you, you know, Yellowstone fans, know what that means.

0:57.2

And my five cows and my HSA formed an LLC called the Kohler-Dutton Livestock Company and bought

1:06.0

five cows who were with child or with calf and gave birth to five bulls.

1:14.5

That was a month ago.

1:16.4

And Saturday was the fateful day for these bowls to become what we know as steers.

1:23.4

Now, I'm not going to go into the birds and the bees here.

1:26.6

But now I can't because it's a prohibited transaction.

1:31.4

I was able to go to the ranch and assist in some of the other castrations and branding of other bulls.

1:39.8

But my bulls were handled by the ranch.

1:42.5

And my 10 cows now are often a little pasture eating

1:46.8

grass. My wife was very upset about the process of branding and castration thinking it was

1:53.0

cruel and unusual punishment. But that's the birds and the bees. That's what cattle

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Mark J Kohler and Mat Sorensen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Mark J Kohler and Mat Sorensen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.