Posted on May 18, 2012 at 11:43am 0 Comments 0 Likes
Posted on May 18, 2012 at 11:37am 0 Comments 0 Likes
Can I Exchange My Vacation Home?
Rising gas prices have caused many vacation property owners to reevaluate their “get away” options. They still want a cottage on a lake, but the lake needs to be closer to home. With proper planning, a tax-deferred exchange may help them realize that goal.
How much personal use is allowed?
To qualify for tax-deferred treatment under §1031, both the relinquished and replacement properties must be held…
Posted on May 15, 2008 at 9:41am 2 Comments 0 Likes
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