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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 Pike County arrow 190 acres - China Grove
Frank Thomas - SOLD

Acreage: 190
Location: China Grove
Description: Majority in 3 year pine plantation. Mature hardwood drains. Beautiful, stocked 12 acre lake.

 
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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