The 1031 Exchange: Step-by-Step

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Have you ever wondered how real estate moguls buy millions of dollars in real estate without ever seeming to pay a dime in taxes on their sales? They aren’t cheating the system—they are using Section 1031.

A 1031 exchange allows you to swap one investment property for another and defer all your capital gains taxes indefinitely, letting your money grow tax-free over and over again. However, there are strict rules regarding the timeline, the money, and the property type that you have to get right.
In this video, I explain exactly how the process works so you don't accidentally send a check to the IRS that you didn't have to.

In this video, we cover:

The "Like-Kind" Rule: What qualifies as a swap? (Hint: You can exchange apartments for land or strip malls for single-family rentals).

The Strict Timeline: Understanding the 45-day identification deadline and the 180-day closing deadline.

The Intermediary: Why you can't touch the cash and need a Qualified Intermediary (QI).

What is "Boot"?: What happens when you don't use all the proceeds or take on less debt?

Tax Calculation: How Form 8824 works, calculating the new basis, and setting up depreciation schedules.

Common Pitfalls: Title checks and State Clawback rules (like moving from California to Texas).

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