Episode Details

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

Key Leadership Insight

The best tax strategies are rarely last-minute decisions.

Successful 1031 exchanges require proactive planning, coordinated advisors, and a clear understanding of long-term financial goals before a property sale ever closes.

Why This Matters

For real estate investors, taxes can significantly reduce the ability to reinvest and grow wealth.

A properly structured 1031 exchange allows investors to:

defer capital gains taxes

continue expanding investment portfolios

preserve cash flow for future investments

support long-term estate and wealth transfer strategies

For CPAs and financial professionals, understanding the basics of 1031 exchanges can help clients avoid missed opportunities and make more informed decisions before triggering taxable events.

About the Guest

Jasir Jamal is the CEO of Longhorn 1031 Exchanges, where he helps real estate investors navigate the complexities of 1031 exchanges and tax-deferral strategies.

His firm works with investors, CPAs, and financial professionals to guide clients through both simple and highly complex exchange transactions while helping ensure compliance with IRS timelines and requirements.

Jasir specializes in helping clients understand how 1031 exchanges can support long-term investment growth and generational wealth planning.

Connect with the Guest

Website: https://longhorn1031.com/

LinkedIn: https://www.linkedin.com/in/jasir-jamal-/