Eric Brecher, Esq., CES® is an attorney and the Executive Vice President at Chicago Deferred Exchange Company. He has over 15 years of experience as a Qualified Intermediary, specializing in various types of IRC Section 1031 exchange transactions, including forward-delayed, reverse, improvement, and personal property exchanges. Eric holds a Certified Exchange Specialist® designation and collaborates with professionals such as attorneys, accountants, and realtors to help their clients defer multiple types of taxes through Section 1031.He was admitted to the bar in the 2nd Appellate Division in New York in 1997. Eric is actively involved in the Federation of Exchange Accommodators, serving as a co-chair of the annual conference committee and has been a member of its Board of Directors. He earned his law degree from Quinnipiac University School of Law and a management degree from Boston University’s School of Management. Eric resides in Woodbury, NY with his wife and three children.
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CHAT NOWEssential 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.