personal property: 1031 Exchanges of Personal Property -- How Specific Can it Get?
- 09/11/08 02:29 PM
If Sarah Palin auctioned the governor's plane on eBay, then there is a good chance that it was an investor who bought it as part of a 1031 Exchange of personal property. Tell me what personal property you have seen exchanged in a 1031 Tax Deferred Exchange. Can Western saddles be exchanged for English saddles? If not, let's get more specific. Can dressage saddles be exchanged for jumping saddles? Can registered Quarter Horses be exchanged for Swedish Warmbloods? You laugh, but this could be important if someone sells a ranch or a dressage farm. http://TulsaRealEstateWeb.com http://NortheastOklahomaRealEstate.com http://BixbyOklahomaRealEstate.com http://dsolano.homesandland.com
AuthorBio: Debbie Solano has earned two Masters degrees: 1) an MLS (Masters in Library Science) from SUNY at Albany, School of Library and Information Science, 1978 and 2) an M.Div (Masters in Divinity) from Southern Methodist University, Perkins School of Theology, 1997. Debbie earned her Oklahoma Real Estate license in 1994 and has been a REALTOR full time since 2005. She is a member of the Greater Tulsa Board of REALTORS®(GTAR) and a member of the Northeast Oklahoma Board of REALTORS® (Grand Lake), the Oklahoma Association of REALTORS® (OAR), and the National Association of REALTORS® (NAR). She is also an active member of the American Association of Professional Landmen (AAPL) and the REALTORS® Land Institute (RLI). Her professional real estate designations include: CRS, ABR, AHWD, CHMS, e-PRO, GRI, REOS, and SRES. She currently serves as the Membership Chairperson for the Oklahoma Chapter of the Council of Residential Specialists. Debbie is a Volunteer Visitor in the Pastoral Care Department at St. John Medical Center in midtown Tulsa. She is also a member of the choir at the Church of St. Mary in Brookside.
If Sarah Palin auctioned the governor's plane on eBay, then there is a good chance that it was an investor who bought it as part of a 1031 Exchange of personal property.
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