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The 4-1-1 on 1031s

Tax-deferred property exchanges could save you big dollars when you sell your property. But a few missteps can break the deal.

Whenever Kerrville, Texas, rancher David Gregory buys or sells land, he makes certain his investment real estate contract contains one important paragraph: wording that enables him to place proceeds into a 1031 tax-deferred exchange.
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Home arrow Properties Sold arrow Coosa County arrow 156 acres - Coosa County
Frank Thomas - SOLD

Acreage: 156 acres 
Location: Coosa County 
Description:  This tract is great for any avid outdoorsman and offers great deer and turkey hunting, is only minutes away from Lake Jordan and Lake Mitchell and approximately one hour from Montgomery or Birmingham. The tract is a great county getaway anytime of the year. With its greenfields and a good road system it is a turn key hunting tract. The primative cabin sleeps up to eight. From the rolling hills, rock filled stream and mature hardwood timber this tract is a must see.  

 
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Discovering Alabama From Its Watery Byway

By CHRISTOPHER PERCY COLLIER
Published: May 16, 2008

THE Robert F. Henry Dam near Montgomery, Ala., is a sprawling wall of reinforced concrete with 11 spillway gates that holds back approximately 234,200 acre feet of water, creating the lake called Jones Bluff Reservoir. Its lock, a massive concrete-lined chamber 655 feet by 84 feet, was built to raise and lower bulky barges hauling tons of wood and grain some 200 miles downriver to Mobile Bay.

Read the complete article at the New York Times here