Eric Brecher is an attorney and Executive Vice President for Chicago Deferred Exchange Company. He holds the Certified Exchange Specialist® designation and has over 18 years of experience as a Qualified Intermediary. Eric works with attorneys, accountants, and realtors along with their investor clients to defer federal capital gains tax, state income tax, depreciation recapture tax, and net investment income tax using Internal Revenue Code Section 1031. He has been involved with thousands of IRC Section 1031 exchange transactions including forward-delayed, reverse, improvement, and personal property exchanges.
Eric was admitted to the 2nd Appellate Division in New York in 1997. He serves as a co-chair of the Federation of Exchange Accommodator’s annual conference committee and has previously served on its Board of Directors.
Eric graduated from Quinnipiac University School of Law and Boston University’s School of Management. He lives in Woodbury, NY with his wife and 3 children.
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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.
