How to Avoid Paying Taxes When Selling Real Estate: Step by Step Guide to Using a 1031 Exchange

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In this video, I’ll provide you with a comprehensive overview of 1031 exchanges and explain everything you need to know.

If you have significant gains in your personal residence, you can convert it into an investment property before selling to take advantage of the 1031 exchange.

This can help you defer substantial taxes, even if you already benefit from the 121 exclusion for primary residences.

Learn how to structure your exchanges to avoid depreciation recapture and capital gains taxes. This section will show you the importance of reinvesting correctly to maximize tax deferral.

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Show Notes:
0:00 Intro
1:20 – Eligible Properties for 1031 Exchange
3:15 Acquire Properties of Same Value
6:09 Identify Properties in 45 Days
8:26 Replacement Property
10:51 Final Notes
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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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.

#1031exchange #1031explained #taxstrategy

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