David Gorenberg, JD, CES, is a seasoned expert in 1031 Exchange transactions, focusing on Section 1031 of the Internal Revenue Code and related investment property solutions like Tenant-In-Common (TIC) and Delaware Statutory Trust (DST) properties. He serves as the Director of 1031 Exchange Education, where he educates various professionals nationwide through Continuing Education classes on topics including the intricacies of Section 1031 Exchanges and other real estate investment and tax strategies.David has a rich background in the field, having developed and led the 1031 Exchange service at Citibank, which significantly contributed to the bank's annual deposits. He also held a leadership role at Wilmington Trust and has been involved with other national Qualified Intermediaries. His legal career includes managing his own law practice focused on business and real estate transactions, and he has been actively involved in guiding clients through 1031 Exchanges since 1992.He has presented at numerous prestigious institutions and professional associations, including The Wharton School and the National Association of REALTORS®, and has appeared on various public education programs. David is a past president of the Federation of Exchange Accommodators and has held positions on several professional and civic boards.David holds a law degree from Widener University, where he graduated cum laude, and a Bachelor’s Degree from Rider University. He is currently based in Accruit's Philadelphia office and is actively involved in the CREW Network in Philadelphia.
Deferred's AI 1031 Expert trained on 1,000+ pages of tax law passes all accreditation exams
CHAT NOWEstablished in 1921, 1031 Exchanges have evolved through key legal cases and legislative changes, including the introduction of delayed exchanges, stricter timelines, and rules for holding exchange funds. Despite these changes, the core purpose remains to incentivize real estate investment and market growth.
A 1031 exchange can be an incredible tool for real estate investors to reduce their tax liability. We demystify the rules required to qualify and successfully complete a like-kind exchange.
Learn about the 1031 Exchange process, a tax-deferred exchange allowing real estate investors to defer capital gains taxes. Explore important timelines, key deadlines, benefits, drawbacks, the significance of careful planning, and how to successfully navigate this tax deferral strategy.