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Tuesday, October 7, 2008

1031 Tax Exchange

Have you heard about 1031 exchange? The 1031 Exchange is the excellent strategy and method that permits companies and individuals of selling one real property and then reinvests the proceeds to purchase and buy a like-kind property without incurring any liability for paying capital gains tax dues. It's a unique opportunity to all real state buyers for significant tax advantage. In this kind of transaction, there is no gain or loss can be recognized if property held for productive use in a trade or for investment or business is exchange for like-kind property held for investment or for use in a trade or business. If you are interested to know more,1031.net can provide more information.


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1 comments:

David said...

Great Post.

One disturbing trend that people should also be aware of in 1031 exchanges is abuse and mismanagement of money by exchange companies. I encourage everyone to thoroughly vet any potential qualified intermediary.

Consider working with a 1031 exchange company that deposits your money only in money-market accounts that invest in government backed securities. With uncertain market conditions, it’s the only way to ensure your money will be there when you need it. I only know of one such company, RockSolid 1031. You can check out their website at www.RockSolid1031.com.

 
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