Small Business Tax Savings Podcast
Business:Entrepreneurship
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Are you maximizing your real estate investment potential through tax-deferred strategies?
Mike Jesowshek and Michael Scherer delve into the intricacies of 1031 exchanges. They explain its purpose, benefits, and the critical role of proper planning and advice from tax advisors. They emphasize the necessity of involving a qualified intermediary and the potential financial advantages, including tax deferral and strategic reinvestment, to maximize wealth building in real estate investment.
[00:00 - 04:52] 1031 Exchanges and its Planning and Prerequisites
[04:53 -12:22] 1031 Exchange Process, Timelines, and Exploring Replacement Property Options
[12:22 - 16:22] Liquidity and Investment Goals in 1031 Exchanges
[16:22 - 20:04] Final Steps and the Role of RCX Capital Group in 1031 Exchange
[20:05 - 24:23] Common Mistakes and Wrap-Up
Direct Quotes:
"1031 exchange is an exceptional tool for wealth building, but something that you need to plan around." - Michael Scherer
"Proper planning is essential. Talk through your options, understand your goals and objectives." - Michael Scherer
"One of the most amazing wealth-building tools is section 1031." - Michael Scherer
Connect with Michael!
LinkedIn: https://www.linkedin.com/in/michael-scherer-caia-8147504/
Email: levi.smith@rcxcapitalgroup.com
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Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
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Podcast Website: https://www.TaxSavingsPodcast.com
Facebook Group: https://www.facebook.com/groups/taxsavings/
YouTube: https://www.youtube.com
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Business Related Tax Law Changes
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Owner Draws or Dividends for Small Business Owners
Tax Cuts and Jobs Act - Overview of Important Items
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Last Minute Year-End Important Items
S-Corp Retirement Considerations Before Year-End
Guest Hosts: Life Insurance Basics
S-Corp Reasonable Salary Prior to Year-End
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1099's: What You Need To Know
Income Deferment For Year-End
Expense Acceleration Before Year-End
"Bunching" Itemized Deductions in One Year
Small Business Retirement Planning - Qualified & Non-Qualified Options
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