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1031 Exchange defer Capital Gains

When you sell investment/ income real estate you have to pay capital gains tax on the gain from the sale of land or investment/ income homes. The gain is caused by either taking depreciation deductions for tax purposes or from the appreciation over time of land or investment/ income homes.

The IRS Section Victorville 1031 Exchange offers the major exception to defer capital gains tax normally due on the sale. With the Victorville 1031 exchange you can sell land, investment/ income homes or business, and utilize the proceeds in the purchase of the land or investment income homes of equal or greater value without having to pay capital gains tax.

There are several benefits to consider with a Victorville 1031 Exchange. For example, you could use the proceeds to buy bare land and construct a building on it, consolidate several investment/ income homes into one to ease management and put all funds into a more valuable land or investment income homes, take one land parcel or investment/ income homes and diversify into several land parcels or investment/ income homes, and purchase commercial property from residential proceeds.

To qualify for a Victorville 1031 Exchange, you need to sell land or investment homes that was held for business or real estate purposes for the purchase of other business or land or investment/ income home. However, YOU CANNOT sell investment land or investment/ income homes for the purchase of personal property, as this would not qualify for a tax deferral under section 1031.

On a Victorville 1031 exchange, to avoid any taxable gain you must reinvest all the Capital gains and purchase land or investment/ income homes of equal or greater value. From the date that your old/former property CLOSES, you have 45 days to declare one or more land parcels or investment/ income homes you will purchase. From the date of CLOSING of your old/former land or investment/ income homes you have 180 days to CLOSE one or more land or investment/ income homes on your 45-day list.

The entity that is on the title of the old/former land or investment/ income homes must remain on the new land or investment/ income homes title. A qualified intermediary, sometimes known as an Accommodator, can only handle the proceeds from the sale of the old/former land or investment/ income homes. In a Victorville 1031 exchange, you cannot personally touch the money nor can a friend, broker, employee, CPA, or attorney hold the money for you.

There are several ways to use the Victorville 1931 exchange and numberious situations the 1031 exchange can be an advantage to investors. We suggest all investors research how the Victorville 1031 Exchange can benefit them. There are many companies specializing in the area.

Search for real estate on our website. When you find something you like, give Cathy Anne a call with the Listing Number. Cathy Anne is busy with clients, projects, real estate reviews and attending local community meetings. So Cathy Anne can dedicate her time for you, please make an appointment before visiting our office. Click Map to our Office Click California Highway Road Conditions

 
About Cathy Anne
DRE #01115967I want to personally thank you for visiting our web site.
I know this area because I have lived in the Victor Valley since 1986. I started my real estate career selling homes. 
                                         In 1998 I wanted to sell New Homes, so I change jobs to work for a builder. In 2002, I became the leed agent for Cimmaron at Rogers Ranch in 
                                         Victorville until the project was sold out. Call me... I am a Home Specialist in the Victor Valley.
My success is based on that I treat people the way I would like people to treat me. I will do my very best for you.
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Southern California
Victor Valley

Gold Point Realty

SageBrush Realty

15437 Anacapa Road Suite 10

Victorville, CA 92392

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Victorville Real Estate We are a local site specializing in property in our real estate market. We can provide the tools that will make the home buying or selling process easier for you.

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Real estate for sale information is provided (IDX) the Victor Valley Association of Realtors® or the Inland Valley Association of Realtors. This Victorville site provides links to other web sites that may be presented by government agencies, newspapers, etc. We are not affiliated with any of these sites. Nor are we responsible for their content. Victorville, California homes for sale, Homes for Sale, Real Estate, real estate agents, residential homes, Victorville multi-family, rentals, neighborhoods, commercial real estate