A 1031 exchange enables an investor to defer capital gains tax by reinvesting the proceeds from the sale of investment property into a like-kind replacement property. It is beneficial for tax professionals to understand more about 1031 exchanges in order to best guide clients that hold real estate investments that they are looking to sell. This presentation will help you learn the basics of the 1031 exchange tax code & provide an introduction to the Delaware Statutory Trust (DST).
Daniel Raupp is a co-founder and the Managing Partner of Fortitude Investment Group. He leads the company’s wealth management practice with a particular focus on real estate private equity and helping clients with tax-efficient investment solutions in the area of 1033 and 1031 eligible asset-back securities. Dan began his career in Charlotte, NC, with Bank of America in 1999 and parlayed that early experience into a profession where he has been widely recognized for his work in venture capital, investment banking, and real estate. Dan is an active member of several charitable organizations, including GLADS.org, a non-profit committed to helping place people with down syndrome with adopting parents. Daniel is also an avid member of ABLI, nyabli.com, New York’s Association for a Better Long Island. Since 2007 Daniel has managed his portfolio of development projects and rental apartment buildings, and other asset classes he currently owns. Daniel directs a range of strategic initiatives to successfully leverage core competencies in tax-efficient investing, alternative investments, and operational excellence to create customer value. His credentials include a Series 7 General Securities Representative (GS) License, Series 24 Principal of General Representatives License, Series 63 Uniform Securities Agent License, and a Life/Accident and Health Agent License. Dan lives in New York with his family of four daughters and his beautiful wife.