1031 Exchange
Manage episode 450212412 series 3605207
In this episode of Affluence & Advocacy NY Real Estate, host Natalia Shishodia delves into the intricacies of 1031 exchanges. She explains that a 1031 exchange allows property owners to swap investment or business properties without incurring immediate capital gains taxes, effectively providing an interest-free loan from the government to reinvest in new properties. Natalia emphasizes that this tax deferral strategy is beneficial for investors looking to relocate their portfolios. However, she clarifies that 1031 exchanges do not apply to primary residences and outlines the qualifications for properties involved in the exchange, including the requirement that they must be income-generating or held for investment purposes. Tune in to learn how 1031 exchanges can optimize your real estate investments!
Timestamps:
[00:02:36] 1031 exchanges in a buyer's market.
[00:07:15] Holding period for 1031 exchange.
[00:10:46] 1031 exchange first-time advice.
About The Show
"Affluence & Advocacy" is a compelling podcast series on New York real estate law, hosted by Natalia Sishodia, an experienced attorney recognized for her expertise in real estate, business law, elder law, estate planning, and taxation. This podcast provides invaluable insights into the legal landscape of New York, specifically tailored for high-net-worth clients and international buyers navigating the complexities of real estate transactions.
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