Thinking of selling your SUV and buying a car with the proceeds?
Then you should consider using a 1031 exchange.
You see, this tax-payer friendly section of the tax code allows you to avoid paying current-year taxes on the sale of your old SUV when followed by the purchase of a replacement vehicle.
Want to find out how to put a section 1031 exchange to work for you?
Read my new article titled Tax Tips for 1031 Exchange of a Porsche Cayenne for a Car
Three ways our fact-filled article can help you:
- We’ll explain the role of your friendly neighborhood “facilitator.” Before you make a move, spend $750 (or less) and hire a 1031 real estate exchange intermediator (also called a facilitator). He or she will handle all the paperwork and make sure you’ll get tax-favored 1031 exchange treatment. We’ll give you all the details when you read the full article.
- We’ll walk you through the three steps you’ll need to follow. They’re really pretty straightforward. The objective is to make sure you receive neither cash nor debt-relief in the exchange transaction. All will be explained when you read the full article.
- We’ll tell you the two questions you have to ask yourself. The entire success of your 1031 exchange depends on your answers. Before you do anything, get all the information you need to come out a 1031 exchange winner. We’ll provide it when you read the full article.