Tuesday, November 21, 2006

1031 Exchanges!

You ask yourself - how do I turn my $$ over into another investment. Well, don't ask us - don't ask a realtor.
No, ask your CPA - ask your accountant, maybe your invesntment advisor would know the ins and outs. They sound simple at first but your tax consequences can be a nightmare. Whether you are going to improve it, have improved it, plan to put a spec house on it but change your mind, whether you are a realtor or just an individual with many land investments! There are many many tax consequences and they are ever changing too!
So please check with your tax advisor before you embark on a sale or purchase that you THINK will be a wise move.
PS: Yes it is a buyers market now - please consider the White Mountains of Arizona as a potential second home destination for your down time.

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