Next Generation of 1031 Exchanges

A pretty smart fellow named Darwin once summarized that it’s not the biggest, the brightest or the best that will survive, but those who adapt
the fastest. He was talking about evolution of species, but that can also include evolution in the business world. Every day, there are new, cutting edge ideas that challenge us to rethink and evolve how we operate day-to-day. Take, for example, the 1031 exchange: on its face, it is a great way to accumulate wealth through the buying and selling of real estate. Dig deeper and you expose some of its flaws, including the IRS hoops through which one must jump to complete a 1031 exchange. As a result, in many cases it’s not an appropriate financial decision. What if you could defer capital gains taxes, state taxes (where appropriate), depreciation recapture and the Obamacare tax when selling either commercial, investment or
residential property? Click to