April 23rd Luncheon

Date: Tuesday, April 23, 2024
Time: 11:45am - 1:15pm
Location: West Shore Country Club
Speaker: SABRINA RICHARDS, CESĀ®

What is a 1031 Exchange?

Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment if such real property is exchanged for real property of like-kind to be used either for productive use in a trade or business or for investment.

Simply put, an exchange is the sale of a business use or investment property followed by the acquisition of another linked together by paperwork and completed within the set time periods. They have been part of the tax code since 1921 and are based on the continuity of investment, encourage reinvestment and are good for the economy.

What Qualifies?

Requirements?

Benefits.

SABRINA RICHARDS, CES®

Prior to joining 1031 CORP., Sabrina spent 13 years in the 1031 exchange industry, including as the principal in a company facilitating reverse and improvement exchanges.  For many of these years, Sabrina was a partner in a qualified intermediary, where she gained a wealth of knowledge on Section 1031 and their application and enjoyed helping clients accomplish their investment objectives.  Sabrina is a graduate of Penn State University with a Bachelor of Science degree and spent many years in Human Services, as a counselor and Career Coach, before finding 1031 exchanges.

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