How 1031 Exchanges interact with Cost Seg

[Shafi Noss]

Hi everyone, 

I keep hearing different things about 1031 Exchanges. Some people say you can, others say you can't. Other people say it has to happen between the same taxpaying entity, which is the syndication LLC itself, so there are ways to make it happen.

I find that investors are often confused by how this works, and how the exchange interacts with cost segregation and bonus depreciation. I get confused sometimes too. 

I want to create a document laying everything out clearly, for myself and investors. Anyone willing to have a conversation with me about this stuff? Feel free to PM me. 

[Eamonn McElroy]

I'd be very careful about trying to advise your investors on tax matters.

Ideally they'd retain independent advisors who advise them about the tax ramifications surrounding entering, maintaining, and exiting an investment.

If you are providing tax advice (and worst of all -- written tax advice) about how a deal is going to work out, they rely on that advice, and then things don't go as planned I imagine you have some liability exposure.