Latest / The High Net Worth Podcast with Fexingo: Wealth Management, Tax Strategy, and Affluent Finance
How Wealthy Families Use 1031 Exchanges to Defer Capital Gains
Lucas and Luna break down the 1031 like-kind exchange, a tax deferral strategy that has shaped generations of real estate wealth. They walk through a concrete example: a family sells a $20 million shopping center with a $15 million gain, uses a qualified intermediary to roll proceeds into a new property, and ultimately passes the asset to heirs with a step-up in basis—eliminating the tax entirely. The hosts discuss the strict 45-day identification rule, the impact of the Tax Cuts and Jobs Act (which eliminated exchanges for personal property but kept real estate), and how family offices chain…
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