One such strategy is the use of Section 1031 of the Internal Revenue Code, which allows the deferral of gains or losses due to the exchange of certain types of property. This is often called a 1031 exchange.
There are more strategies and nuances to these methods, and it’s crucial to consult with a tax adviser or real estate expert to understand your options and to ensure you stay within the legal framework.
Remember: knowledge is power when it comes to real estate transactions. So, start exploring these options today to maximize your profit potential.
Watch the full video here: https://youtu.be/VHtk6L5V6Jo
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Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.