1031 partnership at PDE.1031 Exchange Advantage, a leading real estate transaction accommodator, has formed a working partnership with Prudential Prudential is the name of two different companies and buildings named after them: Companies:
Douglas, city (1991 pop. 19,950), capital of the Isle of Man, Great Britain. It is a popular resort, connected by rail to Ramsey and Port Erin, on the Irish Sea. Tourism is the chief industry. Elliman, New York's largest real estate company, to help investors buy, sell and get cash out of property without paying taxes, no matter how large their gains. The working relationship with 1031 Exchange Advantage further enables Prudential Douglas Elliman agents to provide valuable insight and information on tax-deferred transactions. Many home sellers and investors now taking advantage of rising property values are unaware of the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. Section 1031 rules, in effect for more than 80 years but little known among individual homeowners and smaller investors. The National Association of Realtors The National Association of Realtors (NAR) is made up of residential and commercial realtors who are brokers, salespeople, property managers, appraisers, and counselors, and others working in the real estate industry. , which recently began tracking investor purchases of single family homes, reports that 28% of all home purchases in 2005 were by investors and many of those buyers indicated they would purchase again within two years. Prudential Douglas Elliman, as part of its ongoing development of advanced level training, has been hosting 1031 Exchange seminars for its 60 offices serving 350 communities throughout the greater New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of area. David Greenberger, president of 1031 Exchange Advantage, is conducting the sessions, titled Boosting Business with Tax Free Exchange Opportunities. "Record gains over the past boom can mean record taxes for the unwary," stated Greenberger. "Anyone who is sitting with significant gains may not be aware that the tax laws allow them to sell and reinvest re·in·vest tr.v. re·in·vest·ed, re·in·vest·ing, re·in·vests To invest (capital or earnings) again, especially to invest (income from securities or funds) in additional shares. all the gains without paying taxes when they qualify, and our experts can show them how to maximize their gains." |
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