( The following is an excerpt from our Intangible Asset Exchange Advisor newsletter located here )
Substantial and Tangible Knowledge and Guidance. Information can now travel 15,000 miles in an instant. However, the most important part of the journey comes at the last instant when the information reaches the brain of the recipient and the recipient responds to the information. Does this individual have the training and experience to understand the information? This is the question posed by David Brooks in “The Cognitive Age.” Your prosperity is based on your ability to assimilate, absorb, process, and analyze information.
This essential truth involves Section 1031 Exchanges everyday. Every day billions of dollars in assets are bought and sold during millions of transactions, each of which is capable of being treated as a tax-deferred Section 1031 Exchange. Some will be, but most will not. That choice is made many times in the absence of information or capacity to understand the choices that can be made.
