In this podcast from Perch Wealth, listeners will learn about a tax deferral tool called a 1031 Exchange that allows real estate investors to defer capital gains taxes by selling their property and purchasing a "like-kind" property. The podcast outlines the eligibility criteria for participating in a 1031 Exchange and discusses ways in which a partnership structure such as an LLC can participate in a 1031 Exchange. Listeners will gain an understanding of the drop-and-swap strategy and the partnership installment note transaction and how they can be utilized in a 1031 Exchange. They will also learn about the importance of consulting with appropriate professionals, such as a certified public accountant and exchange accommodator, to plan for the sale and reduce the risk of triggering a taxable event at the time of the sale, which could result in a heavy financial burden. Listeners will gain valuable knowledge about how to utilize a 1031 Exchange to increase their returns, reduce their tax burden, and ultimately build their wealth.
Read more about how to cash out members of an LLC in a 1031 Exchange: https://perchwealth.com/cashing-out-members-of-an-llc-in-a-1031-exchange.html
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