In this video, we break down the essentials of a 1031 Exchange and provide a comprehensive answer to a common question: how to avoid capital gains tax from real estate.
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If you’re on the verge of selling a property, understanding the rules of a 1031 exchange is critical to minimizing taxes.
This discussion opens with a real scenario—having a property under contract but not yet closed—and whether it’s too late to initiate a 1031 Exchange.
Fortunately, it is possible to set one up even at the last minute, although this comes with challenges and should ideally be arranged before closing.
Watch the full interview here: https://youtu.be/-oWhRKoVpHw
For those who have seen substantial property appreciation and want to avoid a significant tax bill, a 1031 Exchange offers an effective way to leverage this profit into a new investment while deferring taxes.
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Show Notes:
0:00 The Rules of a 1031 Exchange
2:23 Make Sure You’re Not Taxed
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ABOUT CLINT COONS
Clint Coons, Esq. has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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