Insuring 1031 Tax Deferred Exchanges

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A tax-deferred exchange is a valuable investment tool that allows you to dispose of investment properties and acquire “like-kind” properties while deferring federal capital gains taxes and depreciation recapture. When insuring 1031 exchange deals, title insurance professionals need to understand the intricacies of the transaction in order to insure the deal. What is “like-kind” property What is “Boot” What is a “reverse exchange What if a taxpayer wants to acquire replacement property prior to the closing of the relinquished property? How does one dispose of their personal property investments while deferring capital gains tax and, in most cases, depreciation recapture? Learn all of these terms and more in this discussion of 1031 exchanges and how to insure them. About the SpeakerMichael began working in the title industry for his father in 1984 part-time before entering high school.  Since entering the field full time in 1989, Michael has examined over 15,000 real estate titles, written policies in excess of $100 million dollars, and handled closings of thousands of commercial and residential properties throughout the country. Michael currently serves as the Ohio and Michigan State Agency Manager for North American Title Insurance Company.  To work with him and North American Title, please click here:  NATIC

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