Amazon.com description: Product Description: The 1031 Solution is written specifically for real estate investors. Author, Dirk Todd of Madison Capital Investments, covers the basics of the oil and gas industry and explores the benefits and risks involved in investing in energy royalties. With the help of industry experts, he discusses the elements and tax implications of a 1031 exchange and outlines proven strategies for diversification and maximizing tax deferral using royalty and mineral replacement properties. What you will learn inside: -How oil and gas royalty interests can provide decades of income free from operating expenses -An industry insider's perspective on evaluating mineral and royalty assets for investment -The difference between royalty interests and working interests/drilling deals -How you can capitalize on the domestic energy boom while deferring capital gains tax -The long term value of owning mineral and royalty interests in an expanding energy market