Posts Tagged Investment
1031 Exchanges: Trading Investment Real Estate Properties
1031 exchanges involve trading like-kind real estate properties while deferring capital gains and depreciation recapture taxes. In order to qualify for 1031 like kind exchanges investors are required to reinvest 100-percent of equity into real property of equal or greater value.
The IRS requires participants of 1031 exchanges to retain the services of a Qualified Intermediary (QI) to handle all aspects of the tax deferred exchange. QIs are responsible for managing monetary transfers and submission of required legal documents including IRS form 1031.
Real estate investors should engage in due diligence when hiring a Qualified Intermediary. QIs must possess solid experience in the 1031 process. One mathematical error or improperly filed form could lead to colossal fees and penalties imposed by the Internal Revenue Service.
1031 property trades must adhere to two specific time requirements. The first is known as the “Identification Period” and requires investors to identify replacement property in writing within 45 calendar days.
Tags: 1031, 1031 like kind exchanges, Estate, exchange period, Exchanges, internal revenue service, Investment, monetary transfers, Properties, property trades, Real, real estate investments, realty investments, smith real estate, tax deferred exchange, time constraint, TradingRelated posts
Albania Tourism and Real Estate Property and Foreign Investment is Increasingly Becoming the Backbone of Economic Growth in Albania
Among the populated beaches of Durres and Vlora, Albania offers unexplored stretches on the north and south coasts of the Adriatic and Ionian seas, which are attracting more interest among foreign tourists.
Real estate property investment is also now considered to be a major part of teh economy as many more investors are realising the huge pottential Albania has to offer.
Statistics from June record a 20% increase of tourist visits to Albania from the same period last year. Expectations ran high for June and July, which marked the peak of the summer season.
Among the populated beaches of Durres and Vlora, Albania offers unexplored stretches on the north and south coasts of the Adriatic and Ionian seas, which are attracting more interest among foreign tourists.
Tags: adriatic seas, Albania, Backbone, Becoming, conference visitors, durres, Economic, Estate, Foreign, Growth, Increasingly, Investment, ionian seas, last decade, pango, Property, property boom, Real, south coasts, Tourism, tourist visits, vlora albaniaRelated posts