On this epode of The Retiring Real Estate Investor, we welcome Cheri Hipenbecker from Knight Barry Title Group.
We discuss all things 1031 exchange.
Brandon and Sherry get into specific numbers and scenarios related to capital gains and depreciation recapture. They calculate the potential capital gains and depreciation recapture tax liabilities, discussing how different tax brackets can impact the final tax amount. They emphasize the importance of consulting with a CPA or tax advisor for a comprehensive understanding of the tax implications.
Furthermore, they touch upon the significance of reinvesting the sale proceeds and the benefits of a 1031 exchange. They mention that the 1031 exchange allows investors to defer taxes and reinvest in real property within the United States, which contributes to the growth of the economy.
The conversation also briefly explores the idea of leveraging debt in the replacement property and how it can be a strategic move to maximize the benefits of a 1031 exchange.
Overall, this segment provides listeners with a practical understanding of the financial aspects of 1031 exchanges and highlights the importance of careful planning and consultation with professionals in the field.
(Note: This summary captures the key points of this podcast segment, and the full discussion contains additional details and nuances.)
Social Links:
Podcast: The Retiring Real Estate Investor
Follow us on Instagram: @InvestWithInsight
Follow us on Facebook: @InvestWithInsight
Follow Brandon on Linkedin: @BrandonBruckman
Join the Facebook group: Invest with Insight
Listen on Spotify: The Retiring Real Estate Investor
Listen on Apple: The Retiring Real Estate Investor
If you're looking to learn more about DSTs, 1031 exchanges and passive investing, visit www.investwithinsight.com
The firm is a registered investment adviser with the states of KS, MO, WI, CA, AZ, TX, LA, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements.
