1031 exchange! Part 1. This IS a major reason the rich don’t pay taxes. #taxes #1031 #1031exchange #taxtips #taxhacks #taxes #taxstrategy #realestate #realestatetaxes #realestateinvesting #realestatelife # | Brian T. Boyd
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4.5K views · 90 reactions | Section 1031 of the Internal Revenue Code allows buy-and-hold investors to defer capital gains taxes through like-kind exchanges. Want to master the complexities of 1031 Exchanges? I’ve done the homework for you. Comment "1031" to get a free 1031 exchange guide as well as a YouTube video where I dive deep into the key benefits of this strategy and breakdown some of the pain points for most investors. LF0009_SF01 | Uplevel Entrepreneur | Facebook
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How to pay less in taxes, understand how the tax code works and work it. Now if you don’t know, then find yourself an accountnt who does. Many of these “hacks” are not exclusively meant for the rich. The 1031 Exchange is a great method to defer paying capital gains tax on your real estate. In fact, you can keep rolling it up until you pass. Then you can pass off your assets to your kids at a stepped up cost basis. #taxes #1031 #realestate #fintok #moneytok #johnsfinancetips #personalfinance
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