Mary Cunningham is a seasoned professional in the field of tax-deferred exchanges under IRC Section 1031, with over 20 years of experience. She leads a team that provides Qualified Intermediary and Exchange Accommodation Titleholder services to a variety of professionals nationwide. Mary has been involved in a vast number of exchanges involving diverse assets. She holds a B.S. in Finance from Miami University and graduated from the American Bankers Association National Graduate Trust School in 1996. Additionally, Mary is a Certified Exchange Specialist® and is actively involved in the Federation of Exchange Accommodators (FEA), where she serves on the Executive Committee. Her company is referred to in a URL slug format as chicago-deferred-exchange-company-llc.
Deferred's AI 1031 Research Assistant is trained on 8,000+ pages of US tax law and outperforms human CPAs by 22%+
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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.
