Virtual Online Meeting!
SJREIA Newbie's (New Investors) - UPDATED TO ZOOM WEBINAR
Topic: 1031 Tax Deferred Exchange Basics
Presentation by Tina Pashovich from Old Republic Exchange
What is a 1031 Exchange?
Section 1031 of the Code states: No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held either for productive use in a trade or business or for investment.
Why Exchange?
- Diversify and minimize risk to real portfolio
- Capital gains is fairly substantial
- Leverage dollars that would otherwise be spent on taxes
How to Determine Capital Gain
- Selling price minus adjusted basis = capital gain
- Adjusted basis = basis (the amount you originally purchased the property for), plus the amount paid to make improvements to the property minus depreciation taken
1031 Exchange Basic Terms
- Relinquished Property
- Replacement Property
- Identification Period
- Exchange Period
- Restrictions
This presentation will include additional info plus Q & A
Blog - Avoiding One of the Most Common Mistakes in a 1031 Exchange"
BIO - Tina Pashovich is the Eastern Agency Representative, based in the Philadelphia area, and joins Old Republic Exchange after a 30-year career in Education. Tina is a proud Ohio State Buckeye, where she earned both a bachelor’s and master’s degree in Education. Her educating and training background, experience with establishing and maintaining relationships with community partners, and managing skills, are valuable tools in providing her clients with a comprehensive 1031 Exchange transaction. Tina’s approach to 1031 Exchange is to provide the client with both personal service and connection, to ensure a successful exchange process. In her spare time, Tina enjoys playing tennis, travel and trivia.
OLD REPUBLIC EXCHANGE
oldrepublicexchange.com
tpashovich@oldrepublicexchange.com
Direct: 614.917.3903
Office: 610.251.1170
Meeting Details:
Where: VIA ZOOM - RSVP to get your zoom link
Time 7:00 to 8:30 pm
Cost: Members attend for FREE – Visitors pay $20
When: First Monday of the month
New members are welcome to join at any meeting. JOIN as a member the same night and we'll credit your visitor fee toward membership toward $150 annual cost.
This group was created to educate not only new investors but also offer a variety of topics to sharpen the skills of seasoned investors as well.
Subgroup Leader: Carmen Sarlo
Carmen is a seasoned investor and realtor. He will share years of investing experience with you to help you get started in real estate investing.
Not a member currently? Why not join as a digital member for $20/month and enjoy all benefits of membership -- FREE meeting attendance for 30 days and participate in our members only online networking chat forum. (try before you buy!)
