Thursday, April 27, 2006

Another scenario for 1031/TIC Exchanges



The trick is always in the planning. Sometimes you can have your cake and eat it too.

In helping a client determine what the best strategy was for them, a couple of things came into play. They had land that had really appreciated that they had owned for about 10 years and they wanted to sell. The sale price was about 800K (gains 700K).

They would like to exchange for two land parcels that were 150K each and eventually build on them. They didn't particularly want any other properties at this point. They were still left with 500K from their exchange that they would have owed taxes on.

When introduced to the concept of exchanging that 500K with a tenant in common property that would not only provide them income and appreciation potential without management hassles, this fit their needs perfectly.

They will be able to do a complete exchange, not pay any capital gains tax at this time, have their two lots for future use and have income from a good portion that is 100% more than they were getting from vacant land over the last 10 years.

They are well on their way to really building their wealth and retirement nest egg.

Paula Straub
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Interview with the Pros - Educational resource
askpaula@savegainstax.com

Monday, April 24, 2006

Selling your Business and Keeping your Gains




Real estate is known to be an asset that appreciates greatly over time. Most know there is a capital gains tax consequence when an investment property is sold.

But what about your business? Maybe you are a physician selling a practice, a dry cleaner, a hair stylist, a construction company... Whatever your business, if you get ready to sell, you should visit a competent tax professional and find out what tax consequences you will face. They could be a lot greater than you think!

If you'd like to spread out those taxes over the rest of your lifetime rather than paying in one lump sum, take the time and investigate whether a private annuity trust might suit your needs.

If possible, it could save you a great deal of money and keep your gains working for you well into your retirement years.

Be on my next teleconference and learn more about how they work.

Also, stay tuned for details on a special upcoming teleconference featuring a guest speaker!

Paula Straub
Teleconference Link
Resource Link
askpaula@savegainstax.com