Ar_home_b_search
 



safe harbor: 5 Things You Need To Know About 1031 Exchanges And Your Second Home - 03/05/08 08:29 PM
1031 Exchange - Sail your Second Home in a Safe Harbor
Effective March 10th the IRS is now allowing Second Homes to qualify for a Section 1031 tax-free exchange; even if you take pleasure in personal use of the property.  The IRS is clear in that buying a second home in the hopes that it will one day appreciate in value does not qualify the property as an investment. However, many use their second homes as an investment property as they rent them out a majority of the year.
To be sure a second home will pass the 1031 Exchange Tax-Free Test follow … (0 comments)

 

Chris Breck, Advantage Title Company

Baltimore, MD

More about me…

Advantage Title Company - Nationwide

Address: 809 Gleneagles Court, Suite 101, Towson, MD, 21286

Office Phone: (410) 494-0380 x 101

Cell Phone: (443) 695-2090

Email Me



Links

Archives

RSS 2.0 Feed for this blog