• Home
• Search MLS
• Our Listings
• Home Value
• About Us
• Contact

The Huffman Group

Sue

Sherry

Sarah

The Sherry Huffman Group

Sherry's Cell: 928.533.1833
Sue's Cell: 928.533.6377
Sarah's Cell: 928.899.3704

Address: Realty Executives
1955 Commerce Center Circle,
Suite C
Prescott, Arizona 86301
(928)778-4492

Categories

• Real Estate News
• Market Update
• Featured Listings
• Beyond Real Estate
• Prescott Real Estate Trends
• Home Sellers
• Home Buyers
• Prescott Homeowners
• Just For Fun
• Prescott Market Statistics
• Prescott Nights

Archived Articles

• November 2008
• October 2008
• September 2008
• August 2008
• July 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008

What The Heck is a 1031 Tax Deferred Exchange?

March 6th, 2008 categories: Home Buyers, Home Sellers, Prescott Homeowners, Real Estate News

  Congratulations.  Your home is in escrow and now you begin to worry about the tax ramifications connected to your proceeds.  Did you know that Section 1031 of the Internal Revenue Tax Code states that a property owner may trade one property for another without having to pay any federal income taxes (Capitol Gains) on the transaction? Today, a sale and a reinvestment in a replacement property are converted into an exchange by means of an exchange agreement and the services of a qualified intermediary (QI)-a fourth party who helps to ensure that the exchange is structured properly. Of course there are some rules and guidelines that must be followed but believe it or not, the IRS’S regulations make exchanging easy, inexpensive, and safe.

For more information on 1031 Tax deferred exchanges click on the following link; tax exchange

Share This

This entry was posted on Thursday, March 6th, 2008 at 6:52 am and is filed under Home Buyers, Home Sellers, Prescott Homeowners, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply