Is there an alternative where I wouldn't have to replace the asset with another asset and still enjoy a tax deferral.
There must some creative approach being used somewhere :cool:
Is there an alternative where I wouldn't have to replace the asset with another asset and still enjoy a tax deferral.
There must some creative approach being used somewhere :cool:
Deferred sales trusts are one option that I have spent some time reading about. You may want to check those out.
Bryan Hancock, Bullseye Capital Real Property Opportunity Fund
E-Mail: b.hancock@bullseyecap.com
Telephone: 1-800-577-0401
Website: http://www.bullseyecapfund.com
I help busy people profit from real estate
I have heard of the animal. I am familiar with Securities Portfolio Loan Accounts for Stocks and Bonds as well. I will research this in more detail
With a Deferred Sales Trust, there is a buyer and seller, just like a conventional sale. However, the transaction is structured as an installment sale under Internal Revenue Service Section 453 whereby the asset is first sold to an related third-party trustee in exchange for an installment note with a negotiated rate of return.
Hi David, there are other strategies, including the Structured Sale, and Self-Directed Installment Sale. (see http://www.exeterdst.com).
These are relatively new strategies and have no guidance from the IRS.
There are also other, more sophisticated strategies that you can consider such as charitable trusts, but you generally lose control over the funds/assets.
I would be happy to discuss all of these options in creater detail with you and then refer you to the right person.