Gulf Shores - Orange Beach - Perdido Key Topics: Why not
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Name:   roswellric The author of this post is registered as a member - Email Member
Subject:   Why not
Date:   6/8/2006 2:36:53 PM

You don't have to swap it directly. Do a 1031 exchange. Find a buyer, then he technically (and actually) buys your lake lot then immediately swaps it for the building. You get the lot, he gets the building, you pay no tax on the gain. Then you move in to the house you build on the lot and presto you owe no taxes if you live there 2 years. (better consult your CPA though since I'm no expert). Where/ how big is your building?
Other messages in this thread:View Entire Thread
My Imagination? - roswellric - 6/6/2006 4:33:29 PM
     My Imagination? - noagenda - 6/6/2006 5:05:35 PM
          My Imagination? - Feb - 6/6/2006 5:42:19 PM
               My Imagination? - cobra - 6/6/2006 9:48:23 PM
                    My Imagination? - Feb - 6/6/2006 10:12:39 PM
                         My Imagination? - cobra - 6/6/2006 10:43:09 PM
                              My Imagination? - JohnGalt - 6/7/2006 7:10:23 AM
                                   My Imagination? - cobra - 6/7/2006 7:28:38 AM
                                        I know a couple of places - LifeTime Laker - 6/7/2006 8:17:43 AM
                                             I know a couple of places - cobra - 6/7/2006 10:30:34 PM
                                                  I know a couple of places - Feb - 6/8/2006 6:08:16 AM
                                                  I know a couple of places - FLee - 6/8/2006 12:20:13 PM
                                        My Imagination? - JohnGalt - 6/7/2006 6:52:59 PM
                                        Why not - roswellric - 6/8/2006 7:10:33 AM
                                             Why not - cobra - 6/8/2006 12:25:07 PM
                                                  Why not - roswellric - 6/8/2006 2:36:53 PM
                                                       Shoulda said - roswellric - 6/8/2006 2:39:49 PM
                                                       Why not - cobra - 6/8/2006 3:56:18 PM
                                                            Why not - roswellric - 6/11/2006 10:24:09 PM
                                                                 Why not - cobra - 6/11/2006 10:57:49 PM
                                                                      Why not - roswellric - 6/12/2006 8:39:12 AM
     Current Market Size - Maverick - 6/6/2006 6:04:00 PM
          Current Market Size - Feb - 6/6/2006 6:15:19 PM
               Current Market Size - Flash - 6/6/2006 7:25:48 PM
                    Current Market Size - Feb - 6/6/2006 8:09:57 PM
          Current Market Size - roswellric - 6/6/2006 9:18:58 PM
     Ric..... - Osms - 6/6/2006 8:15:41 PM
          Ric..... - roswellric - 6/6/2006 9:04:44 PM
          Ric..... - Feb - 6/6/2006 9:15:38 PM
          raised my price - itisd - 6/6/2006 9:25:14 PM
               raised my price - roswellric - 6/6/2006 9:30:05 PM
                    raised my price - BayPineYankee - 6/7/2006 8:55:45 AM
                         raised my price - Feb - 6/7/2006 9:37:50 AM
                              raised my price - BayPineYankee - 6/7/2006 11:27:06 AM
                                   raised my price - Jaws - 6/7/2006 2:16:27 PM
                                        raised my price - FLee - 6/7/2006 2:47:32 PM
               raised my price - Osms - 6/6/2006 9:36:46 PM
                    raised my price - Tallyman - 6/8/2006 2:13:52 PM
                         raised my price - Osms - 6/8/2006 9:38:39 PM


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