1031 EXCHANGES
It's an option to be taken into account during tough times, especially when a desperate government wants to take more of your money.
1031 exchanges allow you to defer gains on personal property that is used as an investment for profit. It can be a "tax-free" exchange (temporarily) if the values of the exchange are the same.
Different kinds of business property can be exchanged, which makes the program interesting. Even a yacht that has been used for business purposes can be exchanged for real estate. But it's usually accomplished with various kinds of real estate. For example, an apartment complex can be exchanged for an office building. Or a group of duplexes might be exchanged for a warehouse complex.
Email john@johncmartin.com for more information......especially should you wish to exchange a working ranch for one here in East Texas.
1031 exchanges allow you to defer gains on personal property that is used as an investment for profit. It can be a "tax-free" exchange (temporarily) if the values of the exchange are the same.
Different kinds of business property can be exchanged, which makes the program interesting. Even a yacht that has been used for business purposes can be exchanged for real estate. But it's usually accomplished with various kinds of real estate. For example, an apartment complex can be exchanged for an office building. Or a group of duplexes might be exchanged for a warehouse complex.
Email john@johncmartin.com for more information......especially should you wish to exchange a working ranch for one here in East Texas.
posted by John and Flo Martin at 8:24 AM
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