David A. Brown, Esq., CES® is the President of a company involved in property exchanges, indicated by the URL slug "iowa-property-exchange-llc." He has educational credentials from the University of Iowa College of Business and Drake University Law School. David is a member of the Iowa State Bar Association, where he has previously chaired the Tax Committee, and is also a member of the Realtor’s Land Institute. His involvement extends to the Federation of Exchange Accommodators, where he has held significant roles including Co-Chair of the Government Affairs Committee, a past Board of Directors member, chair of the Ethics Committee, and was the 2013 President. He is a Certified Exchange Specialist (CES®) and is recognized as a speaker and educator on Section 1031 exchanges, contributing to various educational and professional groups. Additionally, he is a contributing editor to the Iowa State Bar Association Income Tax Manual.
Deferred's AI 1031 Research Assistant is trained on 8,000+ pages of US tax law and outperforms human CPAs by 22%+
CHAT NOW
Essential reading for anyone planning a like-kind exchange. Discover how to navigate capital gains and 'boot' in a 1031 exchange with our comprehensive guide. Learn what constitutes taxable boot, including cash and mortgage scenarios, and strategies to minimize tax implications.
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.
