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15 11 2008

1031 Exchanges – A tax savings technique!

Posted by: admin, in 1031 Exchanges, Real Estate Info

It’s a “Tax Thing”

In General – no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held either for productive use in a trade or business or for investment.

Email tsnyder@snyderhomes.com or call me to get more details on workings of a Tax free exchange at 512-892-6800

This entry was posted on Saturday, November 15th, 2008 at 7:44 pm and is filed under 1031 Exchanges, Real Estate Info. 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.

3 Responses to “1031 Exchanges – A tax savings technique!”

  1. David Harris says:
    November 21st, 2008 at 8:59 am

    Great Post.

    One disturbing trend that people should also be aware of in 1031 exchanges is abuse and mismanagement of money by exchange companies. I encourage everyone to thoroughly vet any potential qualified intermediary.

    Consider working with a 1031 exchange company that deposits your money only in money-market accounts that invest in government backed securities. With uncertain market conditions, it’s the only way to ensure your money will be there when you need it. I only know of one such company, RockSolid 1031. You can check out their website at http://www.RockSolid1031.com.

  2. admin says:
    November 21st, 2008 at 10:58 am

    David, thanks for your comment. You point out a very important aspect of the exchange intermediary.

  3. ADRIAN says:
    February 16th, 2010 at 12:42 pm

    It agree, rather the helpful information

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