|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 973-202-7270
|
Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
Find Out More >
View All Offers >
|
 Compare three
mortgages at one time. Download TripleCalc now. It's free. |
Robin Benjamin is one of The Top
Selling Real Estate Experts™
Find Out More > |
 Today's Top Real Estate News
Provided by
Inman News:
|
|
|
|
 |
Tax Considerations >New 1031 Exchange Rules
One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.
A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.
Consult your tax advisor for more detailed information.
|
|
| Q |
What acclaimed house built of stone, concrete, and glass is built over a waterfall?
|
| A |
Fallingwater in Mill Run, PA, built by architect Frank Lloyd Wright, is one of the most-visited homes in the U.S.
|
 See More Real Estate Trivia > |
|
|
|
Robin Benjamin, ABR
Keller Williams Premier Properties
488 Springfield Ave
Summit , New Jersey
07901
Cell ( first): 973-202-7270
Office: 973- 376-0033 X 287
eFax: 973-532-0217
Email: RobinBenjamin@NUMBER1EXPERT.com
A market recovery? You still waiting for the proverbial bottom? Being a full time Realtor since 1996, I've acquired a versatile and extensive knowledge of this unique and exciting market. Being a realtor in today’s shifting market, requires an understanding and training in a multitude of professions. A strong motivation to work closely with you to meet your specific needs, no matter where you desire to call your dream home, is key with today’s educated buyers. Energy, market knowledge, honesty, and guidance through the process from contract to closing.    
www.RobinBenjaminRealestate.com is brought to you by
Robin Benjamin
NUMBER1EXPERT™ in real estate for
Millburn, Summit and Short Hills , New Jersey, Relocation, Luxury Properties Read Robin Benjamin's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
