PR.com: Business Directory, Press Releases, Jobs, Products, Services, Articles
 
Businesses Articles Press Releases Follow @PRcom
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site
 

Press Releases

 
Get Real REI

Press Release


Receive press releases from Get Real REI: By Email RSS Feeds:

1031 Exchanges Can Prove to be Big Money Saver for Investors


As the Real Estate Market Begins to Improve this Year 1031 Exchanges Can be a Way to Defer Taxes as Investors Cash in on Low Priced Deals

Mooresville, NC, August 13, 2009 --(PR.com)-- This week on Get Real, The Real Estate Investing Show for the Rest of Us, the spotlight was thrown on ways to defer tax implications on real estate investment sales. Amy Walsh from Certified Exchange Specialists was interviewed about the details on 1031 exchanges.

1031 refers to a section in the IRS tax code. This section allows for real estate investors to defer the capital gains taxes on their investment properties upon the sale of those properties. As the name infers the proceeds need to be reinvested in other real estate investment properties. As with any IRS code there are specific requirements for the proper execution of these exchanges.

Amy shared the five major requirements for these exchanges. They include holding to a rigid time line of 180 days to execute the transaction and having a property identified to purchase within 45 days of the sale of the old property.

Ms. Walsh emphasized that the tax benefits are a deferral and not a tax deduction. Once the property is not longer exchanged into another investment property taxes will be due on all of the gains. She also explained a less known tax benefit for these transactions which is a deferral in the write off of depreciation which can be a large tax liability if the investor has owned the property for a long period of time.

For all of the details shared on the show about 1031 exchanges, visit http://www.getrealrei.com

Get Real is a top iTunes business podcast that can be heard at www.getrealrei.com , through a news reader at http://feeds.feedburner.com/GetrealREI or by searching for “get real real estate investing” through iTunes. Get Real provides a down-to-earth, real world view of real estate investing for current and future real estate entrepreneurs.

###
Contact Information
Get Real REI
Marv Uetel
704-664-9687
Contact
www.getrealrei.com

Click here to view the list of recent Press Releases from Get Real REI
Promote Your Business