Clarity Beyond Closing: Understanding DST Ownership & Tax Reporting
Completing a Delaware Statutory Trust (DST) investment is just the beginning. For investors and professionals alike, understanding what happens after the transaction is critical to managing expectations, income, and tax reporting with confidence.
This recorded, educational webinar takes a practical look at post-investment DST ownership, including:
The ongoing tax considerations for DSTs acquired through a 1031 exchange
The federal tax reporting process for DST beneficiaries, including the use of the substitute 1099 or grantor letter and its translation to Schedule E.
How to navigate the complexities of state tax filings when DST properties are located across multiple states
Key components of post-investment DST reporting, including ongoing income, expenses, and ownership structure
Who should view this recorded webinar: Real estate investors and professional advisors who want clarity beyond the closing table
Speaker: Richard Gann, Managing Partner, 1031 Capital Solutions
Legal and financial expert in tax-deferred investment strategies
Extensive experience advising attorneys, CPAs, and investors
Regular speaker on legal and tax planning topics
Host: Jamie Furlong, Managing Partner at Legacy Investments & Real Estate
About the Speaker:
Richard (Rick) Gann is a graduate of UCLA and California Western School of Law. He has been a member of the State Bar since 1997. While finishing law school and studying for the bar exam, Rick befriended his then-neighbor, Jason McMurtry. Rick and Jason have worked together, with few interruptions, for over 20 years.
Before transitioning to financial services, Rick practiced law for nine years in the fields of real-estate taxation and estate planning. Rick proudly helped numerous clients manage taxes on their real-estate holdings and investments. Rick’s inspiration for helping property owners came from his grandfather, Paul Gann, author of California’s Proposition 13, which lowered property taxes and sparked a nationwide movement of fiscal conservatism.
In 2006, Rick joined Jason at Grubb & Ellis, fka Triple Net Properties. As an attorney and licensed real-estate broker, Rick developed and supervised a retail division of the company, offering 1031-exchange solutions through a network of commercial brokers across the country.
Later, at Steadfast Companies, Rick helped lead a capital markets team that raised over $1.5 billion from individual investors to acquire over 100 apartment communities across the South and Midwest. Rick also helped create a new 1031-exchange program, designed for individual investors seeking to co-invest in REIT-owned properties.
Subsequently, Rick was President of the Stira Alcentra Global Credit Fund, which merged in May 2019 with the Priority Income Fund. Rick has been an active member of both the Institute for Portfolio Alternatives (IPA) and Alternative & Direct Investment Securities Association (ADISA) since 2007.
Rick and his wife, Amy, live on Bainbridge Island, Washington and have a son in San Diego. Rick is an avid runner, traveler and birdwatcher.
Connect with Rick:
Phone: (800) 445-5908
Legacy Investments & Real Estate is your partner in passive real estate.
We are passionate in our pursuit to help every investor build their financial legacy by unlocking the power of passive real estate. Through custom strategies aligned to their unique goals and needs, we provide investors with the potential for all the benefits of real estate investing without the headaches of property management.
Ready for professional, tailored guidance on your passive real estate investment needs?
Other resources you might find helpful
