iowa exchange: Iowa Farmland Value Report - 03/12/09 04:50 PM
In a further confirmation that values have peaked at least for now, the REALTORS® Land Institute semi-annual survey shows a 7.6% drop in the price for farmland over the six months ending February 28 of this year. This survey is conducted every six months and consists of input from the state's … (2 comments)
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iowa exchange: Have Iowa Farm Land Values Peaked? - 03/06/09 04:28 PM
In what could hardly be termed a surprise, the Des Moines Register reported on February 21, 2009 that farm land values in Iowa declined 6% during the final quarter of 2008 according to the Federal Reserve Board of Chicago. This is the first such drop in a decade. The primary contrbuting … (2 comments)
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iowa exchange: Is the Term "Like-Kind" Confusing to You? Here's a Simple Explanation - 03/02/09 04:35 PM
Does it confuse you when you hear that property in an exchange must be exchanged for "like-kind" property? In the talks that I give to real estate agents, investors, attorneys and accountants, I think I've hit on an easy way to determine whether or not the property being sold is like-kind … (0 comments)
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iowa exchange: The Top Ten (Actually, Eleven) Reasons People Use Section 1031 Tax-Deferred Exchanges - 02/12/09 07:50 PM
learly, the overriding reason is the ability to defer payment of capital gain taxes, including the recapture of depreciation. With depreciation recapture at 25% (or more, depending upon the type of depreciation taken and the period over which that depreciation was taken) and federal capital gain tax at 15%, plus state … (0 comments)
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iowa exchange: To Combine or Not to Combine - That is the Question - 02/04/09 04:33 PM
What the title of this blog refers to is whether or not it makes sense to sell or buy more than one property in a single Section 1031 tax-deferred exchange. First we must establish the fact that more than one property can be sold and/or purchased within one 1031 exchange. In … (2 comments)
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iowa exchange: The Power of the Section 1031 Tax-Deferred Exchange - Free Spreadsheet - 01/29/09 01:44 PM
Here's another spreadsheet for your entertainment and enlightenment. If you've been following this blog for awhile, you may remember an earlier spreadsheet that compared buying and holding a property for ten years to buying the same property, holding it for five years, exchanging into another property, and holding the new property … (3 comments)
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iowa exchange: Apartment Sales Report - Des Moines, Iowa - 01/27/09 04:30 PM
I hate negative news. But facts is facts. When it comes to the sale of apartment properties in the Des Moines market, there's not a lot of positive news right now. If you only want positive news, skip to the last paragraph and I'll give you the best spin I can … (2 comments)
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iowa exchange: Liquidity of funds - doesn't sound exciting? Read on... - 01/22/09 12:41 PM
What could be more exciting than a discussion of the liquidity of funds, right? Okay, so it sounds pretty dry. Let me try to explain why it's actually of critical importance.
In my opinion, the cornerstone responsibility that a Qualified Intermediary has to his client is to protect the client's money … (0 comments)
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iowa exchange: Section 1031 Exchanges and the Auction Industry (Part 3) - 01/14/09 01:57 PM
In the summer of 2008, I was honored to be asked to author an article for The Auctioneer, the official publication of the National Auctioneers Association, on the subject of Section 1031 exchanges and their application within the auction industry. The article was published in the September 2008 issue. If you … (3 comments)
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iowa exchange: Section 1031 Exchanges and the Auction Industry (Part 2) - 01/14/09 01:34 PM
In the summer of 2008, I was honored to be asked to author an article for The Auctioneer, the official publication of the National Auctioneers Association, on the subject of Section 1031 exchanges and their application within the auction industry. The article was published in the September 2008 issue. If you … (0 comments)
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iowa exchange: Section 1031 Exchanges and the Auction Industry (Part 1) - 01/14/09 01:07 PM
In the summer of 2008, I was honored to be asked to author an article for The Auctioneer, the official publication of the National Auctioneers Association, on the subject of Section 1031 exchanges and their application within the auction industry. The article was published in the September 2008 issue. If you … (0 comments)
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iowa exchange: Section 1031 Exchanges - The Basics (Article #3) - 01/14/09 12:19 PM
This is the third of three blog entries about the basics of Section 1031 exchanges. The first entry can be found here, Article #1, and the second entry is here: Article #2.
Quick review... the first hurdle for the standard exchange is that the properties must qualify. Second, you must establish … (0 comments)
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iowa exchange: Section 1031 Exchanges - The Basics (Article #2) - 01/14/09 12:07 PM
This is the second of three blog entries about the basics of Section 1031 exchanges. The first entry can be found here: Article #1
Quick review... the first hurdle for the standard exchange is that the properties must qualify. Moving on...
#2 - Establish your intent to exchange. Now that you … (0 comments)
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iowa exchange: Section 1031 Exchanges - The Basics (Article #1) - 01/14/09 11:50 AM
I was recently asked to write a short article for a local publication about the basics of Section 1031 exchanges. Over the time I've been here at activerain, my blog topics have covered a wide range of exchange-related topics, including the basics. However, it has been a long time since I've … (0 comments)
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iowa exchange: Farmland prices leveling off? - 11/24/08 10:01 AM
In an article in the Des Moines Sunday Register, author Dan Piller investigates the value of farmland in Iowa based upon the results of a number of recent farm auctions. The conclusion? Farmland values are not rising at the rate they have over the past few years. Probably not a huge … (2 comments)
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iowa exchange: Thanksgiving Time - 11/19/08 01:34 PM
As Thanksgiving approaches, it's an interesting time in our country and the world. (Have you heard the saying, "May you live in interesting times?" I had always thought of that saying as a blessing, but it appears that it may have first started as a curse, at least if you can … (0 comments)
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iowa exchange: Exchanging Foreign Properties - 11/12/08 07:09 PM
What if you own property outside of the United States and you want to utilize Section 1031 for a tax-deferred exchange of that property? Is that okay?
The short answer is, "It depends." It depends upon where your property is located and where the property you wish to acquire is located. … (2 comments)
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iowa exchange: Development Rights are Like-Kind to Real Property - 11/12/08 06:17 PM
A Private Letter Ruling issued by the IRS relating to a taxpayer's intention to acquire development rights as his replacement property in a 1031 exchange is an interesting situation. In this case, the taxpayer sold a property as his relinquished property in the exchange and gave up his fee interest in … (0 comments)
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iowa exchange: Converting Investment Property to Personal Residence? New Limits on Gain Exclusion! - 10/17/08 03:36 PM
Do you plan to convert an investment property into your personal residence? The Housing Assistance Tax Act of 2008 that President Bush signed into law on July 30, 2008 carries a provision that affects the practice of excluding gain when you sell a property that was once used for another purpose, … (4 comments)
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iowa exchange: Iowa Land Price Survey Shows 6.6% Rise in Six Months - 09/24/08 04:19 PM
A recent survey of farmland real estate brokers shows that the price of Iowa’s best farmland rose by an average of 6.6 percent from March 2008 through August 2008, cooling slightly versus the previous six month period. This survey was conducted by the Iowa Farm and Land Chapter 2 Realtors Land … (2 comments)
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