Description

Hold on to Your Tax Dollars with a §1031 Exchange - Free Community Seminar

Join us for an exciting in-person event at the Amanda Armstrong Group in collaboration with IPX1031! Are you tired of paying hefty taxes? Want to learn how to keep more of your hard-earned money? Look no further! Our free community seminar will guide you through the ins and outs of a §1031 exchange, a powerful tax-saving strategy. Discover how to defer capital gains taxes and reinvest your profits in a tax-efficient manner. Don't miss this opportunity to gain valuable knowledge and protect your tax dollars. Reserve your spot now! Seminar open to real estate professionals, investors, and anyone interested in learning more about 1031 Exchanges.

TOPICS TO INCLUDE

• Discover the multiple reasons for a 1031 Exchange
• Understand the tax savings and estate planning benefits
• Recognize what actually is “Like Kind Property” (multi-families, condos, mixed use, commercial)
• Get the details on how vacation & second homes can qualify
• Gain clarity on the timelines, deadlines & dollar value rules/boot
• Understand how Reverse Exchanges can rescue a home sale

1?031 Exchange Defined

Section 1031 of the IRS tax code allows investors to sell investment property and use all of the proceeds to purchase new investment property while deferring taxes associated with the sale. To qualify as an exchange, the relinquished and replacement properties must be qualified “like-kind” properties and the transaction must be properly structured as an exchange. “Like-kind” relinquished property and replacement properties must be real property that has been and will be held for productive use in the investor’s trade or business or for investment.