Why Would Someone Want To Get Away From The 1031

[Brett P Swarts]

Kyle Stanley:

So getting away from the 1031, why would someone want to get away from the 1031?

Brett Swarts:

Let's talk about the demographics going on right now. It's according to American Bankers Association is about 17 to $20 trillion, it'll pass from one generation to the next in the next 20 years. This is our parents’ cow. This is known as the largest wealth transfer in the history of the planet. In fact, there are about 10,000 baby boomers in the US alone. Every day, I'm sorry, 10,000, turning 65 every day, and there's about 77 million in the US alone. They’re faced with this huge liability of tax from these highly appreciated assets. Most of them have been then 1031 exchange, right? That's been their mode and method of deferring tax on commercial real estate, the recent tax plan even before buying what he's proposing to take it away, years with Trump, they limited it just to investment real estate. So you have high in primary homes, invest in real estate, highly appreciated public stock, and also exchange deals that are hard to find deals. So what's happening is, it's tough to even use 1031, when the 1031 only works for investment, real estate. So we want to provide a solution what's called the Deferred Sales Trust. We liken it to blockbuster versus Netflix blockbusters, the old way of doing things, this thing called Netflix, and it's a bit much easier way to do things and a better outcome for everybody.

Learn more about Deferred Sales Trust
Visit: www.capitalgainstaxsolutions.com