Dec 14, 2023
In this episode, Brian Bowen and Brett Sharp discuss the 1031 exchange and its benefits for real estate investors. They explain the process of a 1031 exchange and the importance of finding a qualified intermediary. Additionally, they explore various tax strategies for selling a business, suggested by the governemnt! That's kinda crazy, right? Some tips like negotiating the sale of a sole proprietorship and selling a partnership interest. They highlight the advantages of opportunity zones and the benefits of employee stock ownership plans (ESOP) for business owners and employees.
- What is a 1031 Exchange (:29)
- The process of the 1031 Exchange (3:23)
- The tax benefits of a 1031 Exchange (7:46)
- The government is giving out tax tips? (12:23)
- Opportunity Zones and tax deferrals (16:26)