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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 Montgomery County arrow 40 acres - Montgomery Counrty
Frank Thomas - SOLD

Acreage: +/- 40 with 3,900 sf home
Location: Grady
Description: This is a beautiful piece of property with +/- 3,900 sf home located 30 minutes south of Montgomery.  The home has a large playroom, den with fireplace, dining room, kitchen, and 5 bedrooms and 3 baths.  There is also a large Florida room with Jacuzzi and a 2 car garage.  It was originally built in 1970 with split level design.  The grounds around the house are well manicured with large oak and pine trees.  There is a fruit tree orchard and irrigated garden area.  A large open field is located behind the house with mature stands of timber surrounding open area.  Other improvements include a pole barn, other small sheds adjacent to the barn, and approximately a 2 acre pond.

 
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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