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IRS Code 1031 Tax Deferred Exchange

Tax deferred exchanges of like–kind property are useful to defer capital gains tax and thereby leverage the sale proceeds to purchase a more productive replacement property. The U.S. Treasury Regulations allow taxpayers to buy replacement properties before selling the relinquished property. Exchanges can also be simultaneous with the sale of property or deferred through use of a qualified intermediary. [Read more…]

Giving Thanks by Porter Martin

Every now and then we read something that is so moving you want to share it with everyone you know. My good friend Porter Martin with Martin, Goodrich & Waddell, Inc. of the Illinois area with a global reach has written an article for their Fall 2007 newsletter “Seasons” that just has to be shared. Through the years my association with the Realtors Land Institute has provided me the opportunity to meet incredibly talented people like Porter that continually raise the bar of excellence. In a time of media concocted hype, Porter has looked beyond and found a truly inspirational and optimistic view of global demand and a positive outlook for our US Ag Economy. Thank you Porter for letting us share this with our readers. [Read more…]