
Episode 1: The 1031 Exchange: Build Wealth Tax-Free
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About this episode
The tax you owe on your real estate sale could become the fuel for your next investment. In this episode of True Wealth with Joel Baker, Joel discusses the power of the 1031 exchange with Dave Foster, Qualified Intermediary and founder of The 1031 Investor. Dave explains how investors can sell and buy real estate throughout their lives without paying capital gains or depreciation recapture tax. He walks through the strict 45-day and 180-day deadlines, the rules for reinvesting, and why a QI must be in place before you close. The result is compounding wealth that can pass to your heirs completely tax-free. Key Takeaways: → A 1031 exchange lets you defer capital gains and depreciation…