http://www.zootpod.com News for Everyone Sun, 26 Dec 2010 21:13:12 +0000 http://backend.userland.com/rss092 en puffinpower asked: My husband and I are looking for a single family home to purchase as our primary residence. An ad for a home that looks appealing to us indicates: "Buyer to participate in 1031 exchange." I understand the basic principle that a 1031 exchange is a way ... http://www.zootpod.com/home/home-real-estate/whats-the-risk-to-the-buyer-of-somones-1031-exchange-property/ unique asked: Like if I sell a property worth 20,000 and buy two properties with that money one for 5,000 worth 10,000 and one for 15,000 worth 30,000 can I do the 1031 exchange if im getting my assets from tax sale auctions and buying in incriments like that?Dora http://www.zootpod.com/home/home-real-estate/can-i-use-the-1031-exchange-if-im-selling-one-property-for-a-higher-value-property-im-buying-in-incriments/ madmn asked: Can you sell a 13 unit trailer park and buy a duplex in a year with a 1031 Exchange.Denise http://www.zootpod.com/home/home-real-estate/can-you-sell-a-13-unit-trailer-park-and-buy-a-duplex-in-a-year-with-a-1031-exchange/ macmo187 asked: how long do i have to hold onto the property to use a 1031? what requirements are there to use a 1031?Renee http://www.zootpod.com/home/home-real-estate/can-i-use-a-1031-exchange-for-flipping-houses/ Amy asked: -S corporation wants to exchange commercial real estate in Ft Collins, Colorado for Water right from a unrelated third party. Both are worth 500,000. Can this qualify as a 1031 exchange?Clarence http://www.zootpod.com/home/home-real-estate/can-water-rights-be-exchanged-under-a-section-1031-like-kind-exchange/ ujenfo asked: I'm buying a house in New Mexico and a friend has a house in Oregon. Can we submit a 1031 property exchange. What legal ramifications are there if any?Ruth http://www.zootpod.com/home/home-real-estate/can-two-home-owners-submit-a-1031-property-exchange-if-the-properties-are-geographically-separated/ oc_andrew_05 asked: What does the IRS say about moving into a property that was purchased as an investment? I have a fourplex, and one of the units will soon be vacant and I'd like to live there myself. If I did that, could the IRS go ... http://www.zootpod.com/home/home-real-estate/if-i-acquired-a-property-through-a-1031-exchange-can-i-later-make-it-my-personal-residence/ dummy asked: I bought a rental property lthrough 1031 exchange last year in another town, but now want to move there to live. What are the tax implications? Will I have to pay the deferred capital gains taxes?Leon http://www.zootpod.com/home/home-real-estate/if-i-buy-an-investment-property-through-1031-exchange-what-happens-if-i-move-in-to-the-unit/ Tweety018 asked: Say someone does a 1031 exchange on home A and replaces with home B. Can they perform another 1031 exchange if they don't like home B and go for home C? Is there a time requirement they need to hold on to home B? I've been trying to ... http://www.zootpod.com/home/home-real-estate/how-often-can-i-do-a-1031-exchange/ BugsySkybone asked: I have a friend who wants to sell her house in Chicago and move out of state. Can she sell her home in Chicago, buy a new one and defer the taxes on the proceeds from the sale of the Chicago property(via a 1031 Starker Like-Kind Exchange) ... http://www.zootpod.com/home/home-real-estate/can-i-do-a-1031-starker-exchange-when-i-sell-my-home-and-buy-a-new-one/