| | Link Details| ID: | 206 | | Title: | 1031 Exchange Made Simple | | Description: | A 1031 exchange represents a simple | strategic method for selling one qualifying property and the subsequent acquisition of another qualifying property within a specific time frame. Although the logistics of selling one property and buying another are virtually identical to any standard sale and purchase scenario | an exchange is different because the entire transaction is memorialized as an exchange and not a sale. And it is this distinction between exchanging and not simply selling and buying which ultimately allows the taxpayer to qualify for deferred gain treatment. So essentially | sales are taxable and exchanges are not. | | URL: | http://1031-exchange-portal.com | | Category: | Business & Economy: Real Estate & Property | | Link Owner: | Abelina Dellucci | | Date Added: | April 11, 2008 05:16:25 AM | | Number Hits: | 0 |
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