140: Alan Lichtenstein on Helping Landowners with the Tax Impact of Eminent Domain

In this episode, Alan Lichtenstein joins to discuss one avenue for landowners facing eminent domain to potentially minimize the tax impact of takings: 1033 Exchanges.  The episode begins with a general discussion of the requirements of 1031 (or, voluntary) exchanges, which listeners may be more familiar with.  Alan then explains some of the additional flexibility and options that 1033 exchanges offer for involuntary sales of property, like eminent domain.   At the end, Alan shares his thoughts on what a great Super Band would look like of his favorite musicians.   DISCLOSURE: The information herein has been prepared for educational purposes only and does not constitute an offer to purchase or sell investments. This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation.  DST 1031 properties are only available to accredited investors (typically defined as having a $1 million net worth excluding primary residence or $200,000 income individually/$300,000 jointly of the last two years and reasonably expects the same for the current year) and accredited entities. There are material risks associated with investing in private placements, DST properties and real estate securities including illiquidity, general market conditions, interest rate risks, financing risks, potentially adverse tax consequences, general economic risks, development risks, and potential loss of the entire investment principal.   Links: Alan Lichtenstein Profile: https://www.1031dst.com/alan-n-lichtenstein/  Alan Lichtenstein Email: [email protected]  LinkedIn: https://www.linkedin.com/in/alan-n-lichtenstein-a77b926/  General Website: www.1031dst.com