Posts Tagged ‘1031 exchange’
Restrictions Apply on Tax-Free Deferred Exchange of Homes
Question: Ten years ago after the “crash” we bought a rental home in North Phoenix. This rental home has appreciated in value by $200,000 in the last ten years. We now want to sell this North Phoenix home, and to use the $200,000 sale proceeds to build a home in Chandler as our personal residence.…
Read MoreSeller Liable for Taxes on Capital Gains from Stock Sale
Question: We have made a significant amount of money since we began investing in the stock market in the early 1980’s. We are concerned about the recent volatility of the stock market, however, and we would like to “cash out” our investments at their current high price. We would then use the sale proceeds…
Read MoreExchange Lets You buy, Sell Tax-Free
Question: Our family has owned 40 acres of farmland in Buckeye since the 1940s. The market for farmland in Buckeye is improving and we should make a substantial profit if we sell. We have been told by our CPA that we should sell this land and then buy shopping-center land for long-term development near…
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