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| New England Commercial is offering
a special Advertising Rate. List your 1031 Like Kind Exchange property
on the New England Commercial Liek Kind Exhanged page. $149.00 for a 6
month promotion of your New England are Like Kind Exchange. Includes a
thumbnail photo, description and a link to your website or email address.
Contact Robert Fontaine 508-394-1604 or email
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Like-Kind Exchanges - Real Estate
Tax Tips - From
IRS.
Generally, if you exchange business
or investment property solely for business or investment property of a
like-kind, no gain or loss is recognized under Internal Revenue Code Section
1031. If, as part of the exchange, you also receive other (not like-kind)
property or money, gain is recognized to the extent of the other property
and money received, but a loss is not recognized. Section 1031 does not
apply to exchanges of inventory, stocks, bonds, notes, other securities
or evidence of indebtedness, or certain other assets.
Like-Kind Property - Properties
are of like-kind, if they are of the same nature or character, even if
they differ in grade or quality. Personal properties of a like class are
like-kind properties. However, livestock of different sexes are not like-kind
properties. Also, personal property used predominantly in the United States
and personal property used predominantly outside the United States are
not like-kind properties.Real properties generally are of like-kind, regardless
of whether the properties are improved or unimproved. However, real property
in the United States and real property outside the United States are not
like-kind properties. |
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Featured 1031 LIKE
KIND EXCHANGE PROPERTIES on New England Commercial
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| No warranty or representation,
express or implied, is made as to the accuracy of the information contained
herein, and the same is submitted subject to errors, omissions, change
of price, rental or other conditions, and subject to withdrawal without
notice. We will not knowingly accept or place any advertising that does
not adhere to all Fair Housing Standards. |
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