Balance

When is Cash a Problem?

We are often asked if property can be exchanged and still provide some cash for other immediate needs?  The short answer is yes, however,  If you elect to take cash, it will be immediately subject to significant tax.   The very tax you are trying to avoid is triggered (up to the amount you touch) […]

Continue Reading
forest-canopy

The Intersection of 1031 and Conservation Easements

A recent client was contacted by a qualified land trust to acquire the development rights to his 500 acre tract of forest/meadow land. The property had long been identified by the conservation community as a key wildlife migration path to adjoining protected property.  Our client had been approached numerous times but resisted a sale that […]

Continue Reading
Chris Nolt

IRC Section 1031 Exchange: A Powerful Financial Tool For the Agricultural Family

Posted by permission of the author: Christopher Nolt, LUTCF Solid Rock Realty Advisors, LLC 2020 Charlotte Street, Suite 14 Bozeman, MT 59718 406-582-1265 Office 800-517-1031 Toll-Free 800-249-1033 Fax The IRC Section 1031 Exchange is one of the most powerful tax saving and wealth building tools available for people selling highly appreciated real estate. A properly structured 1031 exchange […]

Continue Reading
“My accountant told me to just pay the tax.......”

“My accountant told me to just pay the tax…….”

We hear this troubling refrain too often.  It seems that many accountants and attorneys will tell their clients that a Section 1031 exchange is cumbersome and just delaying the inevitable. Some advise that the tax rates today are the cheapest you will ever see, “It’s easier to just pay the tax” they say.  In far too […]

Continue Reading