1031 Exchanges Save Taxes

If you plan to sell property in 2013, you may want to consider a 1031 Exchange to avoid Capital Gains taxes. Check out this article by Kyle Koller on biggerpockets.com which explains why a 1031 Exchange can be good for you.

Most real estate investors understand the general concept of a 1031 exchange or, at the very least, have heard of it. Few, however, understand exactly what takes place within one of these exchanges and how powerful a tool it truly is. So let’s explore a subject that is close to everyone’s heart: not paying taxes on hard-earned money!

Full Story Don’t Pay Taxes on Your Capital Gains: 1031 Exchanges

For more information you can also visit the IRS website Like-Kind Exchanges Under IRC Code Section 1031

At BuyWisconsinLand.com, we will be happy to help with your search for property, and we can assist with a 1031 Exchange.  If you have questions just email us at property@buywisconsinland.com

The 1031 Exchange

What is a 1031 Exchange Transaction?

Solomon Lander, eHow Contributor, defines it like this:

A Section 1031 Exchange allows you to sell a property and purchase a replacement property without having to pay capital gains tax on the transaction. Because you are just changing one property to another without actually receiving your equity back, it is not considered a gain.

Read more: What Is a 1031 Exchange Transaction? | eHow.com http://www.ehow.com/facts_7940194_1031-exchange-transaction.html

If you are looking to to a 1031 Exchange for acreage in Wisconsin and have questions, contact our Broker Roy Burlingame and be sure to visit BuyWisconsinLand.com and check out beautiful wooded properties.