Small Business Tax Savings Podcast
Business:Entrepreneurship
Send us a Text Message.
Are you maximizing the potential of your real estate investments through 1031 exchanges and Opportunity Zones?
In this podcast, Mike Jesowshek and guest Michael Scherer delve into the intricacies of 1031 exchanges, focusing on various replacement property options, including Delaware Statutory Trusts (DSTs) and Qualified Opportunity Zones. They discuss the advantages of passive investment through DSTs, the strategic importance of planning and consulting with tax advisors, and the potential tax deferral benefits of investing in Opportunity Zones. The conversation emphasizes the need for investors to align their investment choices with their financial goals and the importance of thorough planning.
[00:00 - 04:37] Replacement Property Options and Delaware Statutory Trusts (DSTs) in 1031 Exchanges
[04:38 - 06:17] Direct Real Estate Investment vs. Passive DST Investment
[06:18 - 12:59] Strategies for Maximizing Tax Deferral and Qualified Opportunity Zones as an Investment Avenue
[12:59 - 19:06] Navigating the Complexity of 1031 Exchanges and Investment Options
[19:07 - 22:57] The Importance of Planning and Expert Advice
Direct Quotes:
"Understanding the investor's goals and objectives and working with their tax advisor is critical." - Michael Scherer
"It all comes down to planning and understanding what your objectives are." - Michael Scherer
Connect with Michael!
LinkedIn: https://www.linkedin.com/in/michael-scherer-caia-8147504/
Email: levi.smith@rcxcapitalgroup.com
______
Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
Join TaxElm: https://taxelm.com/
IncSight Packages (Full-Service): https://incsight.net/pricing/
Book an Initial Consultation (IncSight): https://app.simplymeet.me/o/incsight/sale
-------
Podcast Website: https://www.TaxSavingsPodcast.com
Facebook Group: https://www.facebook.com/groups/taxsavings/
YouTube: https://www.youtube.com/@TaxSavings
How Can I Use a Charitable Remainder Trust (CRT) To Eliminate Capital Gains?
How Is Cryptocurrency Taxed?
Portfolio and Non-Taxable Income - How Is My Income Taxed?
Passive Income - How Is My Income Taxed?
Earned Income - How Is My Income Taxed?
What Is Ordinary Income Tax vs Capital Gain Tax?
How Are Credit Card Rewards Taxed?
Business Retirement Plan Q&A Session
2022 Tax Rates and Resources
How Are My Assets Taxed When I Die?
What Is A Revocable Living Trust? Why Is It Important for Business Owners?
What Is a Power of Attorney? What Healthcare Documents Do I Need In Estate Planning?
What Is a Last Will and Testament? Why Is It Important For Business Owners?
How Should I Structure Multiple Businesses?
When Should I (or Should I Not) Become An S Corp?
What Is An S Corp?
Where's My Refund? What Is a Tax Refund?
Is Filing an Extension a Bad Thing? What Do I Need To Know About Tax Extensions?
What Is a Roth IRA and Why Is It So Powerful?
What Options Do I Have To Pay For My Tax Bill?
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Make Me Smart
Tax Chats
WSJ Your Money Briefing
NerdWallet’s Smart Money Podcast
The Indicator from Planet Money