Defer Capital Gains Tax With 1031 Exchange
M&A Talk, by Morgan & Westfield
English - April 02, 2016 13:11 - 31 minutes - 28.9 MB - ★★★★★ - 90 ratingsInvesting Business business marketing businessinvesting buyingabusiness interview investing management sellingabusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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If you own property as part of your business and you’re
considering selling your company, you may want to think about using
that real estate to help you put off paying any capital gains taxes
you may owe. The 1031 Exchange has been around for several years.
However, many entrepreneurs are not familiar with the ins and outs
of this provision of the IRS tax code. Chris Cali is a business
attorney and an expert in commercial real estate matters. On this
edition of “Deal Talk,” Mr. Cali explains the 1031 Exchange in
detail and clarifies which situations and what kinds of property
qualify for the provision. The 1031 Exchange may not eliminate
taxes, but it could possibly save you tens of thousands through tax
deferrals.