Dick Goble is a senior partner and real estate tax specialist with the accounting firm Kerkering, Barberio & Co. P.A.
Goble, who has been with the firm since 1978, specializes in 1031 exchanges, a subject on which he lectures nationwide. In addition, Goble also advises clients on as many as 200 1031 exchanges annually.
What is a 1031 exchange?
A: A 1031 exchange is also sometimes referred to as a like-kind exchange. A like-kind exchange is the sale of property used in a trade or business, or one that is held as an investment, in exchange for property that is used in a trade or business or one held for investment.