LandThink

Well, apparently it’s not the newspaper anymore. As a culture we have completely shifted away from something we once thought was essential to our way of life. It was our window into the world.

When selling property, there are 4 ways to receive the proceeds. The 4 ways include cashing out, a 1031 exchange, owner financing and an installment sale.

When selling a capital asset, it is critical to include the tax consequences of the transaction in the decision making process. Three taxes are typically triggered when a capital asset is sold including federal and state capital gain and recaptured depreciation.

Landowners hold land for a variety of reasons including conservation, investment, cash flow and personal enjoyment. When intrinsic values change, it may be time to consider selling.

The Internal Revenue Code provides multiple tax deduction and deferment solutions for asset owners including self directed individual retirement accounts (SDIRAs) and 1031 exchanges.