Brett Swarts, president of Capital Gains Solutions LLC, helps break down real estate taxes and offers some tips on what you can do to minimize them in a legal way. He talks about capital gains tax and how through deferred sales trust, the investors achieve freedom, liquidity, and diversification with their funds. Covering also 1031 exchange, he discusses its advantages and disadvantages in commercial real estate. Learn how both are different and when it is the best situation for both. Know your role in the process and the perspective to take while keeping in mind the solutions to some of the issues or problems that may arise.
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We’re going to talk about taxes. This is something you want to hear about because nobody likes to pay taxes especially more than you have to. When it comes to the sale of real estate or businesses, if you’re a real estate investor or business owner, at some point in time you’re going to want to sell or trade your business or your real estate. At that point, it becomes a struggle because you’re going to be forced to pay capital gains tax on those assets that you sell. Most of us are familiar with the 1031 exchange and that's not what this episode is about, but whether you're familiar with it or not, this is something that you should learn more about. There are other options out there as you're going to learn.

The problem with a 1031 exchange is, first and foremost, you're tied to a timeline. You have 45 days to identify the properties that you want to trade or purchase. The second thing is you have only 180 days to close on them. It's sometimes a bit of a struggle for investors, feeling pressured, rushed or trapped and forced to make quick decisions because of those rules and regulations around that tax-deferred exchange. It's only one option that has limited flexibility. What if you can do a tax-deferred sale and have complete control over those funds to do almost anything you want and stretch out the payment cycle for those funds?

If you missed our last episode, be sure to listen to Heads I Win, Tails You Lose with Patrick Donohoe.

Enjoy the show!

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Another Way to Defer Your Capital Gains Taxes
It's my pleasure to welcome Brett Swarts to the show. Brett is the president of Capital Gains Tax Solutions LLC located in Sacramento, California. Brett provides trustee services to help real estate and business owners win over their capital gains tax and achieve liquidity and diversification with their funds so they can create and preserve more wealth. Brett, welcome to the show.

Thank you, Marco, for having me. It's my pleasure.

It's great having you on. Brett, you have an interesting past and you have an interesting fit in this space which most people don't know about. Can you tell us a little bit more about yourself, what you do, and what the company does?

I’m the President of Capital Gains Tax Solutions. I’m one of thirteen exclusive trustees across the US who provide capital gains tax deferral education, in particular, on the deferred sales trust. The larger parent company I'm underneath is called the Estate Planning Team. That’s a team of about 1,100 plus professionals. It’s a mix of CPAs, tax attorneys, trustees, real estate brokers, financial advisors, escrow officers and QI companies. The sole focus is working as a team to help each individual client or business professional grow their business to help their clients defer capital gains tax and have options versus just may...