Avoiding Costly 1031 Mistakes, With Marc Hershberg

The 1031 exchange is one of the most powerful tax savings opportunities available to U.S investors. But it’s also one of the easiest to screw up.

Marc Hershberg, Managing Partner and CEO at Topaz Capital Group, joins Michael Johnston to discuss the important milestones in a 1031 exchange and how investors can avoid running afoul of the regulations.

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Episode Highlights

  • History of the 1031 and the spirit of the incentive.
  • Summary of the important milestones in the execution of a 1031 exchange.
  • Discussion of common mistakes made throughout the 1031 process, and how to avoid them.
  • Review of services provided by Topaz and others in the 1031 industry.

Episode Resources

Today’s Guest: Marc A. Hershberg, Topaz Capital Group

About The Tax Efficient Investor Podcast

On the Tax Efficient Investor podcast, we show you how to protect, grow, and transfer your wealth by implementing tax-advantaged investment strategies. Host Michael Johnston demystifies tax strategies that are favored by the most successful and sophisticated investors, including 1031 exchanges, IRA & 401k plans, HSA accounts, trusts, real estate, and more.

Michael Johnston, CFA
Michael Johnston, CFA

Michael Johnston, CFA is the co-founder and President at WealthChannel, and host of WealthChannel Academy.

Michael previously founded ETF Database, the leading independent authority on exchange-traded fund investing.

Michael's professional experience includes positions in corporate finance and investment banking, as well as entrepreneurial experience as a co-founder and early employee in multiple high growth, venture-backed companies.

Michael graduated from the University of Notre Dame with a degree in Finance. He lives in Oregon with his wife and son.