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The rules are complex and the time limitations are strict, but if you plan to sell investment property, you must consider a 1031 tax-deferred exchange.
Section 1031 of the Internal Revenue Code (IRC) offers real estate buyers a golden opportunity by means of significant tax advantage. Section 1031 of the IRC gives a chance to real estate buyers to defer the capital gain taxes that they incur by selling a property. It states, a real property owner can sell his property and then reinvest the proceeds to purchase of like-kind property and defer the capital gain taxes. However, to qualify for 1031 like kind property exchange aka, 1031 tax deferred exchange and gain tax benefits, the transaction has to be done in accordance to the 1031 exchange rules set forth in the tax code and the treasury regulations. Like-kind exchange is considered as one of the best-kept secrets of the Internal Revenue Code.
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Coming to Foothill Ranch: a better way to buy and sell real estate: Clark Group and Surterre Properties: #1 in Newport Beach, #1 in Newport Coast, #1 in Laguna Beach and #1 in Corona Del Mar home sales - and now coming to Foothill Ranch. Visit us at FoothillRanchAgent.com or call us at 949-285-1207 for more information.
Annexed by the city of Lake Forest in 2000, Foothill Ranch is a 2,700 acre planned community that is comprised of a mix of residential, business, commercial and open space.
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| ||MSN Real Estate offers information on buying a home, selling a home, finding an apartment, home insurance, mortgages, home loans, and home improvement.|
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Read how Surterre Properties continues being the best Real Estate broker in the U.S. We put more money into marketing your home for sale than any other broker. Call us at 949-285-1207 to find out more about working with #1: the Clark Group and Surterre Properties.
We are leaders in selling Orange County homes. Call Bruce Clark at 949-285-1207 for more information about our detailed and successful home marketing system, which can include advertising not only on the leading real estate websites Realtor.com, Zillow.com, and Trulia.com, but also high-end websites such as The Wall Street Journal, Robb Report, DuPont Registry, Luxury Real Estate, but also inclusion in print advertising in their offline versions.
| || ||Last Updated on 11/22/2012 2:23:00 AM|