A new procedure from the IRS provides safe harbors for for §1031 "tax deferred exchange" of a vacation and second homes. Effective March 10, 2008, IRS Revenue Procedure 2008-16 provides guidelines for the qualifications that a taxpayer and vacation or second home owner must meet to consider a §1031 tax deferred exchange.
Click this link for IPX1031's explanation of this new strategy. http://ipx1031.com/pdf/DoVacation&SecondHomesQualify.pdf
Click for OREXCO's email announcement about this new strategy.
Showing posts with label 2nd homes. Show all posts
Showing posts with label 2nd homes. Show all posts
Monday, March 10, 2008
Effective March 10, 2008 §1031 2008-16 Guidelines for Exchanging Vacation Homes.
Friday, March 7, 2008
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