Avoiding the Slippery Slope: Closing Costs, Capital Improvements & 1031 Exchange Pitfalls
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Avoiding the Slippery Slope: Closing Costs, Capital Improvements & 1031 Exchange Pitfalls
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In this episode, David Moore of Equity Advantage covers the complexities of 1031 Exchange closing cost deductions, providing a lighthearted reminder that one wrong step can derail your entire transaction.
Learn why timing, documentation, and proper planning are critical when it comes to:
- Deducting closing costs
- Capital improvements before sale
- Handling “boot” and avoiding unexpected tax consequences
- Creating liens to recover funds legally
- Working with tax professionals to mitigate exposure
David shares real-world examples, like a client who spent $50K prepping a property for sale, and discusses the gray areas of what’s deductible or what could come back to bite you.
Whether you're an investor, realtor, or advisor, this episode will help you navigate the fine print and protect your investment.
📞 Got questions? Visit 1031Exchange.com or call Equity Advantage for guidance.
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