Asset Preservation Releases Comprehensive Guide to Vacation Home 1031 Exchanges and Other Tax Issues

Share Article

Asset Preservation, Inc. (“Asset Preservation”), a leading national 1031 exchange qualified intermediary, has released new Vacation Home Handbook that explains how investment properties that may also be used for personal enjoyment can qualify for tax deferral under Internal Revenue Code Section 1031.

A "must have” resource for anyone involved with real estate in a vacation area or resort market!

The Vacation Home Handbook, http://apiexchange.com/exchangesolutions/vacation-handbook.pdf, covers many tax and 1031 exchange issues related to the ownership and sale of vacation homes and second homes that are sometimes rented. This free electronic publication is comprehensive, containing hyperlinks to key provisions of the Tax Code and provides useful guidance to property owners, real estate agents/brokers, escrow officers/closers, as well as tax and legal advisors throughout the United States.

Ownership of real estate in resort or vacation destinations can generate tax consequences significantly different from more traditional pure real estate investments, especially when the property is sold after many years of appreciation. The potential for using a tax deferred exchange to defer recognition of capital gains taxes can mean the difference between a successful investment and a disappointment.

This handbook first discusses the use of Section 1031 tax deferred exchanges when selling a vacation property that the owner has used personally over the years. Next, the Vacation Home Handbook addresses a number of different scenarios, and the tax consequences of each, both while the property is owned and upon disposition of the property. Last, the Vacation Home Handbook concludes with input about converting a vacation property into an investment property eligible for Section 1031 tax deferral.

To download Asset Preservation’s Vacation Home Handbook, visit http://www.apiexchange.com/vacation-home-exchanges.

About Asset Preservation

Asset Preservation, Inc. (API), a subsidiary of Stewart Title Company, is a recognized national leader in the 1031 exchange qualified intermediary industry. Established in 1990, Asset Preservation has successfully completed over 150,000 IRC Section 1031 tax deferred exchanges. API has a history of protecting investors’ assets through their expertise in specialized services that can defer capital gain taxation indefinitely. API management maintains tight financial controls and multi-layered security systems necessary to provide a level of comfort and the quality of performance relied on by sophisticated investors and Corporate America. For more information, visit http://www.apiexchange.com or email info(at)apiexchange(dot)com.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Scott Saunders

+1 888-531-1031
Email >
@1031TaxExchange
since: 03/2009
Follow >
Asset Preservation, Inc.

Visit website