Diane Schaefer is the President of Exchange Solutions, Inc., a company specializing in facilitating and structuring tax deferred exchanges, currently celebrating its 20th anniversary. Before founding her own firm, she served as President of a national underwriter’s exchange company for 13 years, where she managed financial budgets and service production. Diane has over 30 years of experience in tax deferred exchanges and holds a Certified Exchange Specialist® designation from the Federation of Exchange Accommodators, indicating her high level of expertise and knowledge in complex tax deferred exchanges. She is also an active member of the Federation of Exchange Accommodators, New York State Land Title Association, and Title Action Network. Diane has authored numerous articles on 1031 exchanges and is recognized nationally for her expertise in the field.
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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.
