1031 Tax Exchange for Dummies is a brief overview of a 1031 Tax deferral. We are not tax professionals, this video just gives the basics of a 1031 Exchange for general real estate knowledge to help our clients make more informed decisions when it comes to purchasing real property in north Idaho as part of a 1031 exchange tax deferral. Investment properties in north Idaho are very popular and this is a great way to defer capital gains taxes and save you money.