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- The IRS will let you avoid paying taxes by exchanging one investment property for another
- "Delayed or deferred exchange" -- Even if you have not identified the investment you want to buy, you can still avoid taxes by selling your present investment and taking up to 45 days to find a replacement
- "Reverse exchange" -- If you have found the replacement property, but cannot close a sale on your present investment property, you can still avoid taxes by buying that new replacement property now and selling your present investment later
- You can replace your present investment property with up to 3 new properties without regard to fair market value, or
- You can replace your present investment property with more than 3 new properties if the total aggregate value of the replacement properties is not more than 200% of the price of the present investment property
- These are only a few of the rules -- Get help understanding them with a professional tax advisor...then use us as your intermediary in the exchange
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