Debbie Baum | 1031 Exchange

1031 Exchange

8 Costly “No No’s” In An Exchange That Can Result In Big Tax Consequences

1031 Tax Exchange | Debbie BaumUnderstanding taxation is instrumental when advising your client through a 1031 exchange transaction.

“Rules surrounding 1031 exchanges are exacting, and mistakes can result in big tax consequences.” -ThinkAdvisor

Brush-up on these eight common & avoidable mistakes that investors tend to make:

1) Overpaying for replacement properties

2) Choosing the wrong qualified intermediary

3) Improperly setting up a 1031 exchange

4) Buying something that doesn’t make sense

5) Bungling financial statements

6) Believing 1031 exchanges eliminate taxes

7) Running out of time

8) Lack of proper tax planning


Stephen K. Davis | Debbie BaumStephen K. Davis
Safe Harbor Asset Management
167 East Main Street
(631) 421-4341