Article Directory :: Finance & Investment Articles Avoid Capital Gains Taxes - Legally! - With the 1031 Exchange By Allen Voivod Republish: EasyPublish™ Published: 02May2007 Word count: 409 Viewed: 513 time(s) Get Free Content For Your Site If someone told you about a perfectly legal way to sell your investment property without paying a single dime in taxes on the proceeds, would you think it's too good to be true? It's not. The 1031 Exchange is not only the real deal, it's being used more and more by people selling their investment property in the White Mountains region. One local real estate agency is stepping up their efforts to educate property sellers (and buyers) about the 1031 Exchange, so named after the IRS tax code section where it appears. "It's also referred to as the 'Starker' or 'like-kind' exchange," says Stephen Loynd, Managing Broker at Alpine Lakes Real Estate's Lincoln office. "Put simply, if you sell property, you can defer taxes indefinitely if you use the proceeds to buy a similar property of equal or greater value." Like most things involving the IRS, Loynd suggests being prepared in advance is critical to making the transaction work out right. The IRS has specific time limitations that must be followed, so it's best to plan for the 1031 Exchange before putting a property on the market. "You need a company to serve as what the IRS calls 'a qualified intermediary' (QI) to take advantage of the 1031," says Loynd. "We're not allowed to act as a QI for our clients - legally, you need a separate company from your real estate broker to act as a QI for a 1031 exchange. But we've worked with a number of QIs on behalf of our clients, and it's a fairly simple process. It works a bit like escrow - the seller never receives the actual cash from the property sale. Instead, the QI holds the proceeds of your sale. "After the sale, you have 45 days to find a property to buy. Then you have 180 days to close on the property. It really is that simple," explains Loynd. "But the IRS is very strict about the 45-day and 180-day deadlines, so we always recommend that sellers talk to their tax advisors before they start the process." Because of the increased interest they've seen in 1031 Exchange real estate transactions, Loynd plans to take further steps to educate interested sellers and buyers about the 1031 Exchange. "It's a great opportunity to defer taxes indefinitely on qualified real estate transactions, and we want to make sure our clients, friends, and neighbors in the White Mountains know it's available to them." Alpine Lakes Real Estate has been building long-term relationships in the White Mountains region for more than 20 years. Their extensive real estate expertise is enhanced by their vast knowledge of the entire building process. With offices in Lincoln and Campton, NH, they also offer assistance with IRS 1031 "like-kind" exchanges, and the Design-Build services of their in-house architect. For more information, go to http://www.AlpineLakes.com. EasyPublish™ this article - publishers click here More articles by Allen Voivod

Free Report! Ten Essential Secrets Of Article Marketing ... Grab Your Free Copy Now: We respect your privacy. Need Content? Regular Top Quality Content for your Blog, Ezine or Website ... Delivered Direct, For Free! Click For Details Arts & Entertainment Automotive Business - General Computers & Technology Finance & Investment Food & Drink Health & Fitness Home & Family Internet Marketing/Online Business Legal Pets & Animals Politics & Government Reference & Education Religion & Faith Self-Improvement/Motivation Social Sports & Recreation Travel & Leisure Writing & Speaking

More finance articles:

• What Are Bankruptcy Auto Loans For? (Jones Harington)
  When you start thinking about bankruptcy auto loans it is necessary to understand what these types of loans are for. If you have been through a bankruptcy, then you know how hard it can be to find the financing you need to get a new or used vehicle. This is where the bankruptcy auto loans come into play and can help you out.

• What Will A Cash Advance Loan Do For You? (Jones Harington)
  When you are in a financial emergency and you need a cash advance loan you need to know what it is and where you can get one. This will give you the cash you need for whatever it is you need it for. You have to find what you are after and you have to get the cash to help you out of this emergency. Having a cash advance loan can help you do exactly that.

• What Are The Advantages Of Cash Advance And Payday Loans Online? (Jones Harington)
  Those that need cash and they need it today need to know about cash advance and payday loans online. This is a great way to get the money you need and usually within about an hour. Many companies have shut their doors and are now just operating with a website and a phone because it saves them money and allows them to save you money as well.

• How to Get Online Cash Advance and Payday Loans (Jones Harington)
  There are many companies that can provide you with online cash advance and payday loans and you just need to find the right one for you. Some will give you two weeks to pay the loan back; others give you a full month. However, there is also the option to get a 100 day loan that will give you three times as many days to pay it back.

• Finding The Best Cash Advance And Payday Loans Online (Jones Harington)
  Finding the best cash advance and payday loans online is not always easy because everybody has a different situation. You will have to make sure you understand your situation and what you really need. There are many choices online that you can use and you need to decide which one is going to be best for you.

• Cash Advance Lenders - The First Thing You Need to Know (Jones Harington)
  Finding one of the best cash advance lenders is not always that easy, but when you are doing it and you are looking online you can find exactly what you need without much hard work. This is a great way to get money when you need it the most. Getting cash for an emergency is not always easy. However, with online cash advance lenders it becomes much easier for you.

• Top Secret Inside Tips To Get The Best Insurance Possible (Winston Takeda)
  It's not as hard as you think to get a great price on insurance. You just need to know a few inside tricks. And that's just what you'll learn in this article.

• Why Every Member Of The Military Should Look Into VA Hybrid Loans (Sandra W. Bahe)
  If you happen to be a member of the United States armed forces and want a VA hybrid loan to purchase a house, there are quite few specific things you will need to know about this loan and how exactly it will help you.

• Some Great Tips To Help You Out With Auto Insurance (Winston Takeda)
  Before running out there and buying some car insurance, read through this article. It will help you understand what you are getting yourself into, so you don't buy the wrong policy.

• How A VA Streamline Loan Can Make Refinancing Seamless (Terry C. Bernardino)
  Veterans of the armed forces, and other military personnel, get the chance to lower their mortgage rates by selecting a VA streamline refinance option, the simplest way imaginable to get a superior deal on a home mortgage.