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Re: Whole house generators (slightly OT)
"Robert Green" <ROBERT_GREEN1963@xxxxxxxxx> wrote in message
news:WKCdnSOidcvKm6HYnZ2dnUVZ_sWdnZ2d@xxxxxxxxxx
> I didn't realize the hit the airlines took extended to HI real estate
> prices
> but it makes sense. I've not heard of tax free real-estate exchanges.
> Is
> this something the IRS smiles on or is it something they just haven't
> gotten
> around to stomping on? ;-)
Its called a 1031 or Starker exchange. Quite legal but must be done exactly
according to the rules. Here is an overview
http://homebuying.about.com/cs/1031exchange/a/1031_exchanges.htm or Google
"1031 real estate exchange"
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