Sep 20, 2020
Suzanne Baker and Craig Brown
are industry experts with 1031 exchanges. They are attorneys and
leading authorities on the 1031 exchange. Under Section 1031 of the
United States Internal Revenue Code, a taxpayer may defer the
recognition of capital gains and related federal income tax
liability on the exchange of certain types of property, a process
known as a 1031 exchange…BUT what happens if a new American
President decides to REPEAL this part of the code. What happens to
investors that have used 1031 exchanges for the last 100 years to
purchase and rehab real estate? Is it a loop hole that tax payers
have used to defer capital gain taxes? Is it a preferential
treatment for the “wealthy”? Arguments against the 1031 exchange
tend to emphasize the continually worsening financial condition of
the federal government, or they highlight the evolution of 1031
away from its alleged true purpose. Under Section 1031, taxpayers
can defer capital gain taxes for as long as they hold their
property. This can result in the deferral of very large tax
liabilities. We speak with the experts on what they know today with
the movement to attack or change the 1031 exchange. You want to
listen to this podcast.
To contact Craig Brown: craig.brown@ipx1031.com
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Are you interested in learning more about how Multifamily
Syndications work? Please visit www.spiadvisory.com to learn more
about Michael Becker’s Real Estate Syndication business with SPI
Advisory LLC.