Adams County Colorado 1031 Real Estate Warehouse
Tax-Deferred Exchange |
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Capital Gains Reduction and
Depreciation Recapture.
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Long term capital gains rate reduced from 28% to 20%. |
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For people in the 15% income bracket the gain is reduced to
10%. |
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Effective for sale or exchange of property on or after May 7,
1997. |
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To receive the new rate for "long-term" gains for
sales after July 29, 1997, the property must have been owned for 18 months instead of the
previous one year. |
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Real Estate Depreciation recapture is taxed at 25% effective
on or after May 7, 1997. |
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Accelerated depreciation is taxed at ordinary income rates
(property owned prior to 1986) |
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All depreciation on personal property is recaptured and taxed
at ordinary income rates. |
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Transaction period: Property sold or exchanged between May 7,
1997 and before July 29, 1997 need only be held one year to get the new rate. |
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Gains from the sale or exchange of property disposed of after
July 29, 1997 and held between one year and 18 months is taxed at the 28% rate. |
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The alternative minimum tax (AMT) will not apply to capital
gains benefits. |
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IN SUMMARY, EXCHANGES ARE A MANDATORY TECHNIQUE FOR ALL
INVESTORS WHO WISH TO MAXIMIZE THEIR RETURN ON INVESTMENT. TODAY, EXCHANGES CAN BE
CONDUCTED WITH EASE, SAFETY AND COMFORT. |
FOR ALL OF
THE INFORMATION YOU WILL NEED, PLEASE CONTACT:
Dick Palmer
Pathfinder
Investment Corporation
2953 S. Peoria St.
Suite 101
Aurora, Co 80014
DIRECT TELEPHONE: 303-759-8500
E-MAIL: sales@landoffice.com
FAX: 303-759-8400 |
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Property Investments, 1031 Exchanges, Land
Development Services for YOU!
This material is designed only to
provide information concerning I.R.C. Section 1031 Tax-Deferred Exchanges. It is not
intended to provide or replace legal, accounting or other professional counsel.
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