Teresa Fluegel is an Executive Vice President at Chicago Deferred Exchange Company LLC, with over 25 years of experience in the field. She joined the company in 2000 and is tasked with business development on the West Coast. Her role involves liaising with various professionals such as real estate and tax attorneys, accountants, investors, and commercial real estate professionals. Teresa holds a Certified Exchange Specialist® designation and is an active member of several professional organizations including San Francisco Commercial Real Estate Women (SFCREW), CREW East Bay, Northern California Chapter of CCIM, Society of Industrial/Office Realtors, and Commercial Women in Real Estate. She has received accolades such as the Most Valuable Member by CREW East Bay in 2013 and the CREW Network Certificate in Leadership in 2016. Additionally, she was nominated for the Inspirator Award at the Annual CREW Elevate Awards in 2016.
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.
