Blog

Accruit has always advocated for the preservation of 1031 exchange. Exchanges provide economic stimulus on the local level, which is especially important in times of economic uncertainty such as these. As members of the Federation of Exchange Administrators (FEA), Accruit is an active participant in the work that is being done to preserve Section 1031 of the Internal Revenue Code. The FEA is incredibly important to our industry and we are proud to be members and support the work they are doing.

This is the October edition of our FAQ's, where Accruit Senior Director Brendan Lewis answers your questions & curiosities about 1031 exchange. If you've got a question you'd like to have answered, please drop us a note!

Join Sam Mytelka, CPA and Brendan Lewis, Senior Director at Accruit, as they dive into 1031 exchange as they discuss real estate investing, tax implications and how 1031 Exchange can be leveraged as part of your strategy.

We are often asked to help a taxpayer understand the pros and cons of structuring a Section 1031 tax-deferred exchange. Sometimes during these conversations, the taxpayer indicates that they have little or no gain on the current property, and then jump to the conclusion that they have no need to structure a 1031 exchange.

Alas, they often have reached the conclusion in haste, without weighing all of the tax facts.