How to Dodge Taxes (Legally) with a 1031 Exchange!
Voight Thornton, MBA
Real Estate Investor (Subject To, Seller Finance) | Personal Finance
A 1031 exchange (named after Section 1031 of the Internal Revenue Code) is a tax-deferral strategy used by real estate investors to defer capital gains taxes when selling an investment property and reinvesting the proceeds into another "like-kind" property.
How It Works:
Key Benefits:
Like-Kind Property Examples:
When to Use a 1031 Exchange:
MORE INFO:
D. Voight Thornton, MBA is an Certified Debt Consultant?Mr. Thornton was born in Incirlik Turkey (Adana AFB Base), and grew up in the Southwest (New Mexico). He earned his M.B.A. in Business Administration, Technology Management, while working as an Licensed Mortgage Loan Officer. His interest in the finance lead him to relocate to Arizona, to further his career,?Since graduating, Mr. Thornton? has worked in multiple compliance domains including his FinTech background. Mr. Thornton is licensed in Mortgage and as a certified Debt Consultant in the United States.
Real Estate Investor | Entrepreneur | Site Reliability Engineer | Operations Engineer
2 周Great breakdown of the 1031 exchange, Voight! This is such a powerful strategy for real estate investors to keep more of their money working for them instead of handing it over to Uncle Sam. I really appreciate how you highlighted the key benefits—tax deferral, portfolio growth, and the ability to reinvest without losing capital to taxes. Sticking to those IRS timelines is crucial, and a solid plan makes all the difference. Thank you for sharing this!