There are many misconceptions as to exchanging. Exchanging is not only for the wealthy needing a tax shelter. Exchanging properties is a concept that can be used in small properties and up to multi-million dollar acquisitions.
Unlimited opportunities exist for anyone motivated and open to the exchange concept regardless of size or value of the properties involved including the ability to relocate geographically.
Exchanging is a unique and creative option for you if you are seeking a solution for selling / moving your properties,realor personal.
When the real estate sales market is sluggish, having the ability and tools to bring about a creative and successful exchange of equities is obviously a great benefit to all involved! You may move your business and properties locally, nationally or even internationally by exchanging your apartment building or vacant land for a shopping center, or an airplane, or a mountain ranch - - the possibilities are limitless.
The beauty of working with a Real Estate Broker / Exchangor is that you can combine the best of both worlds. Most Exchangors (EMS)are considered highly creative and unlimited in the various ways of exchanging real estate.
There are numerous ways of exchanging vehicles of exchange to accomplish an exchange , besides exchanging real estate for real estate, personal property as well as real property.. (I.e. STOCKS, PARTNERSHIP INTEREST, CASH MONEY, WORKS OF ART, MERCHANDISE, BOATS, CARS, etc.) Unlimited possibilities exist in exchanging because every transaction and clients desired benefits is unique.
Finding Solutions to the client’s needs can assist us all by expanding our minds as to future possibilities for exchanges.
For information on personal property exchanges, trades see
“Personal Property Exchanges" http://www.comexpro.com
All vehicles,etc. offered for exchange are expected to be sound legally as well as ethical; however it is impossible to vouch as to the validity of any vehicles offered. We as individuals must make every effort to verify this on behalf of ourselves and inform the client to do likewise.
Equity Protection Now! 1031 Tax deferred Exchanging
The 1031 Code enables an investor to defer paying taxes on the capital gain of a property relinquished today and to reinvest the entire amount
The 1031 Code allows the taxpayer an opportunity to defer paying taxes on the capital gain of a property relinquished today and to reinvest 100% of the proceeds in a property of equal or higher value, providing the taxpayer the benefit of diversification as well as the ability to relocate geographically if desired by deferring the capital gain in a 1031 exchange.
An exchange can be concurrent , in which the relinquished property and the replacement property must close escrow and record transfer of title simultaneously, or a delayed exchange , must close and record on the acquired replacement property within 180 days from the close of the relinquished property .
The taxpayer has to identify the replacement property within 45 days from the close of the relinquished property, (first closing) by proper notification,
The accurate timing of the deferred exchange is most essential in order to qualify as per the tax code.
Real Estate Brokers/ Exchangors do not provide legal or tax advice, always contact your legal and tax advisors.
SEE: "Personal Exchange Properties"
BY A .M. Wyrgatsch, Real Estate Broker/Exchangor at http://www.comexpro.com
Submit What You Have For What You Want for Sale or Exchange, Trades, etc.
At this time anyone who owns investment real estate and is concern with Capital Gains ,should consider the investment strategy provided by a 1031 Tax Deferred Exchange.
1 comment:
Every investment has risks and drawbacks. The important thing is to recognize them, to be aware of what can happen to your investments, and to make sure you aren't exposed to risks you can't afford.
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