Steven J. Goldstein, Esq., is a seasoned professional in the field of real estate and legal services. He is the co-founder and Co-Chief Executive Officer of 1031 AES, LLC, a company specializing in handling tax deferred exchanges under IRC Section 1031. Additionally, he founded and currently presides over Title America Land Services, Inc., a national title insurance agency. Mr. Goldstein also manages his own law firm, Steven J. Goldstein, PLLC, which focuses on residential and commercial real estate matters. He has been practicing law since 1987 after graduating from Hofstra University School of Law. Licensed to practice in New York, he is a member of both the New York State Bar Association and the Nassau County Bar Association. Mr. Goldstein resides in Brookville, New York with his family.
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Established 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.
