A new Like Kind Exchange Site
At the risk of blogging burn out, I’ve developed a new web site - http://www.likekind.org - that discusses the ins and outs of completing 1031, tax deferred, like kind exchanges.
The like kind exchange is an amazing opportunity to defer capital gains taxes unique to real estate investing and a few other asset classes. If you have been or want to be a real estate investor and these terms are unfamiliar, it’s time to get educated. Also feel free to drop a line to me with preliminary questions. I don’t give out tax or legal advice but I’m glad to get you started
Tags: 1031, tax deferred, tax free
January 19th, 2009 at 1:28 pm
Good luck with your new web site. As a QI, be free to use me as a resource.
Gratuitous advise, in today’s economic uncertainly and especially the health and safety cocerns of the banking industry, be careful in choosing a QI…safety of the exchanger’s funds should be the most important criteria in choosing a QI.That and experience. The fee is the least importnat. By the way, aQI’s Fidelity Bond doesn’t protect the exchange funds in a bank depository if the bank goes under…and the FDIC only covers up to $250,000.
kkete@northstartrust.com