Virtual Rolodex with Jasir Jamal, CEO from Longhorn 1031 Exchanges

In this episode of TXCPA Houston Virtual Rolodex, Kristie Ondracek sits down with Jasir Jamal, CEO of Longhorn 1031 Exchanges, to discuss one of the most important tax-deferral strategies available to real estate investors: the 1031 exchange.

Jasir breaks down the basics of how 1031 exchanges work, why advanced planning is critical, and how investors can defer capital gains and depreciation recapture taxes when transitioning from one investment property to another.

The conversation also explores the long-term wealth planning opportunities tied to 1031 exchanges, including generational wealth transfer strategies, stepped-up basis rules, and why collaboration between CPAs, financial advisors, and exchange specialists is essential for successful execution.

Whether you're a CPA, real estate investor, financial advisor, or business owner with investment property, this episode provides practical guidance on navigating the complexity of 1031 exchanges and avoiding costly mistakes.

What You’ll Learn

What a 1031 exchange is and how tax deferral works

Why timing and advanced planning are critical in a successful exchange

How depreciation recapture impacts investment property sales

Why proceeds cannot go directly into the seller’s bank account

The IRS requirements related to replacement property value and debt

How 1031 exchanges support long-term generational wealth planning

Why collaboration between CPAs, financial advisors, and exchange specialists matters