Robert King | Land For Sale In Alabama

Whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Gain deferred in a like-kind exchange under IRC Section 1031 is tax-deferred, but it is not tax-free.

Learn more about Like-Kind Exchanges Section 1031 at the United States IRS website

http://www.irs.gov/newsroom/article/0,,id=179801,00.html

Like-Kind Exchanges & Real Estate Tax Tips from the US IRS website

http://www.irs.gov/businesses/small/industries/article/0,,id=98491,00.html

Taxpayers should be wary of individuals promoting improper use of like-kind exchanges. Typically they are not tax professionals. Sales pitches may encourage taxpayers to exchange non-qualifying vacation or second homes. Many promoters of like-kind exchanges refer to them as -free” exchanges not “tax-deferred” exchanges. Taxpayers may also be advised to claim an exchange despite the fact that they have taken possession of cash proceeds from the sale.

Consult a tax professional or refer to IRS publications listed in the links above for additional assistance with IRC Section 1031 Like-Kind Exchanges.

The following Intermediaries may be able to provide you with good information, handbooks, and advice. Or contact your investment professional.

Land Retirement Strategies

Asset Preservation, Inc

Old South 1031 Tax Exchange Services, LLC

Starker Services

Self-Directed IRA - Real Estate

Very few Americans realize that they have the option to self-direct their IRAs and other retirement plans into real estate, and benefit from the tax advantages those plans provide. Investments in IRAs benefit from tax-deferred profits or in some cases tax-free profits. If you currently are a successful real estate investor, or are just looking to diversify your retirement portfolio, the combination of real estate and your IRA can be very powerful.

Visit Land Retirement Strategies to learn more or contact your investment professional.

Land Retirment Strategies

Other Real Estate Sites

We have many friends and associates who do what we do ... sell rural Alabama land. And friendly competition is good for business. So check out these websites.

AlaLandCo
RobertKing.net
AgLandInvestments.com
Johnathan Goode - Land Agent

Recreational Links

Tallapossa River Outfitters: Discover the family fun and outdoor adventures that awaits you on the Tallapoosa River in Cleburne County, Alabama!

Articles on Land Investing

Country Real Estate Columns by Curtis Seltzer

Curtis Seltzer, 61, has lived and worked in the country for the better part of 35 years. He graduated from Pittsburgh’s Peabody High School in 1963 where his classmates voted him second funniest, which he continues to think he is. He bought his first country place in the early 1970s, 60 acres of recently timbered woods north ofAmherst. Subsequently, he’s owned property in about a dozen states and has scoped property in more than a dozen others. He has helped clients find and buy timberland (both pine and hardwoods), farms, development land and conservation property.

Mr. Seltzer is the author of the book How to be a Dirt-Smart Buyer of Country Property. Written for buyers, not sellers, the book covers the questions to ask and the places to go for answers when you’re buying rural real estate.

Go here to read all Curtis Seltzer Country Real Estate columns. He is an entertaining writer who knows country land.

What’s Going on with Land in Alabama Today by Robert King

Alabama Farm Real Estate: A Comparison of Returns and Values Since 1970 by John Adrian and Walt Prevatt - Professors and Extension Economists at Auburn University

Land Values: Average Farm Real Estate Value by Year, from USDA Land Values are up! The USDA has published its new average sold figures for agricultural land values. The values has show an increase as they have for many years. This increase indicates the good long term investment that rural land can be. The 2008 average price is $2170 per acre which is over double what it was in 1999 at $1030 per acre.

LANDLINES: Alabama Land News from www.AgLandInvestments.com. Sign up for our monthly newsletter. LANDLINES is a summary of new property listings for the month as well as informative and insightful articles about land investing and all that owning rural land in Alabama has to offer. Visit the LANDLINES newsletter Archives - click here.

LANDTHINK: Get Land Smart a website packed full of articles and advice from land experts.