Like-Kind Exchange Real Estate Tax Tips

Generally, if you exchange investment property solely for investment property of a like kind, gain may be deferred into the future under Internal Revenue Code Section 1031. If as part of the exchange, you also receive other (not like-kind) property or money, gain is recognized to the extent of the other property and money received. …

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Is housing looking up?

USA Today posted an article entitled: “Housing outlook is more upbeat.”  Apparently, it’s believed that the housing market is finally nearing the bottom for good.  According to the article, both home sales and home building are expected to rise this year–after the steep decrease in both the past five years.  Here are just a few …

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NAR Home Buyer and Seller Survey Shows Value of Long-Term Home Ownership

Home buyers today have affirmed a long-term view of home ownership, the typical seller is experiencing positive returns and the vast majority of home owners see their property as a good investment, according to the latest consumer survey of home buyers and sellers. The study was released here today at the 2010 REALTORS® Conference & …

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