Wyoming Real Estatetag:blogger.com,1999:blog-260718912006-06-22T21:03:25ZBlogger
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trueReal Estate Pro2006-06-22T13:59:46-07:002006-06-22T21:03:24Z2006-06-22T21:03:24Ztag:blogger.com,1999:blog-26071891.post-115101020439040538What is a 1031 Exchange?
In a typical transaction, the property owner is taxed on any gain realized from the sale. However, through a Section 1031 Exchange, the tax on the gain is deferred until some future date. A tax-deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of “like-kind”, while deferring the payment of federal income taxes and some state taxes on the transaction.
falseReal Estate Pro2006-05-15T18:49:09-07:002006-05-16T01:51:44Z2006-05-16T01:51:44Ztag:blogger.com,1999:blog-26071891.post-114774430450618208What is a 1031 Exchange?
In a typical transaction, the property owner is taxed on any gain realized from the sale. However, through a Section 1031 Exchange, the tax on the gain is deferred until some future date. A tax-deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of “like-kind”, while deferring the payment of federal income taxes and some state taxes on the transaction.
falseReal Estate Pro2006-04-27T09:45:56-07:002006-04-27T16:48:01Z2006-04-27T16:48:01Ztag:blogger.com,1999:blog-26071891.post-114615648126740066Migration Patterns in U.S. Show Move to South, West
Between 2000 and 2004, the South saw a net migration of 1.4 million, mostly in the South Atlantic states of Delaware, Maryland, the District of Columbia, Virginia, North Carolina, South Carolina, Georgia and Florida. The Northeast, and in particular the Mid-Atlantic states of New York, New Jersey and Pennsylvania, saw a net loss of nearly 1 million between 2000 and 2004.
Consider the tax burden. When deciding where to live, or possibly where to retire, you might want to look at the tax burden. First, the U.S. Census Bureau has recently published an interesting chart: States Ranked by Total Taxes and Per Capita Amount: 2005. The Tax Foundation publishes an interesting study, ranking states by the amount of taxes one pays in that state: State and Local Tax Burdens Compared to Other U.S. States, 1970-2005.