Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

1031 Exchange
1031 Exchange
Tax Deferred ExchangesThe last remaining tax shelter for the disposition of real property!A tax deferred exchange, as defined in Section 1031 of the Internal Revenue Code of 1986, as amended, offers real estate investors one of the last great investment opportunities to build wealth and save taxes.  By completing an exchange, the investor (Exchanger) can move from their existing investment property to another investment property and defer the capital gain tax that would ordinarily be paid.There are several requirements that must be met to defer the capital gain tax: (a) the Exchanger must acquire "like kind" replacement property and (b) the Exchanger cannot receive cash or boot (unless the Exchanger pays capital gain taxes on this boot). In any exchange the Exchanger must enter into the exchange transaction prior to the close of the relinquished property. The exchange can take place direct between two parties.  Party A transfers their property to Party B and Party B transfers their property to Party A.  This type of exchange is uncommon.  In most cases Party A wants Party Bs property but Party B wants Party Cs property.  When there are multiple parties it is necessary to use an intermediary.  The Exchanger and the ... more

__________________________________________________
Are you on The Rain? Grow Your Network!