what is a 1031 exchange?
140345
On April 25, 1991, the IRS issued deferred exchange regulation-Reg 1.1031(k)-1. \n\n"No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment if such property is exchanged solely for property of like-kind, which is to be held either for productive use in a trade or business or for investment" (1991 excerpt from the above reference IRC Section Reg 1.1031(k)-1.) \n\nThis tax code allows taxpayers to defer ALL of the capital gains taxes resulting from their sale of investment property, when they will, use a Qualified Intermediary & following the I.R.S. guidelines, use the money to buy more suitable investment property within 180 days of the close of their sale. \n\nThis means that you can reinvest the money you would otherwise have lost to capital gains tax if you will use the extra money to buy more investment property for the purpose of making more money. This can be done within and between all classes of real property anywhere in the USA. \n\nHere is a simplified example of the difference:\n   \nSelling Property Without Benefit of 1031:\n \nIf your Sale Price is:      $750,000\ness your Mortgage:          $450,000\nThis Leaves Equity of:      $300,000\n\nWith your Sales Price at:   $750,000\nand a Cost Basis of:        $250,000\nYou have a Taxable Gain of: $500,000\n\nAt the base Federal Capital Gain Tax rate of: 15%\n\nTaxes due:                  $ 75,000\nLeft for investment:        $225,000\n\nBut if you structure the deal as a 1031 Exchange:\n \nIf your Sale Price is:     $750,000\nLess your Mortgage:      - $450,000\nThis Leaves Equity of:     $300,000\n\nWith your Sales Price at:          $750,000\nand a Cost Basis of:               $250,000\nYou would have a taxable gain of:  $500,000\n\nHowever, since you will use all funds to purchase more suitable investment property, your taxable gain is: $0.00\n\nTaxes due:             $0.00\nLeft for investment: $300,000\nTax Savings:         $ 75,000\n \n(State taxes not included in the above)\n  \nThis is why 1031 Tax-Deferred Exchange is often cited as “The Best Tax Loophole Left.”
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http://www.interchangefx.co.uk/currency_converter.htm\n\nGood luck
131455
Under IRS 1031 rules you may sell income property and reinvest entire amount in income property and NOT be subject to any capital gains tax. This does not apply if your are selling your residence (where you live), however in this example  single persons gets up to a $250,000 exemption before taxes apply and a married couple gets $500,000.  There are many IRS 1031 rules that must be strictly complied with to avoid tax on an investment sale and purchase .  Look for a 1031 Qualified Intermediary in your local phone book or on the Web.
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http://www.gocurrency.com/currency-trading.htm
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its the major currency of trade. it will be interesting to see the euro dollars value, seeing as the Iranians have announced their intentions to trade under the euro.
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what about it?\ncheck out this link for general info on the 2004 $10USD
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Currently it is trading at British Pound 1.73730 USD 0.57561
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Trading in the currency of other countries.
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wht?\nstudent exchanges?\nmost all
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The smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point - for most pairs this is the equivalent of  1/100th of one percent, or one basis point. \n \n  \n For example, the smallest move the USD/CAD currency pair can make is $0.0001, or one basis point. The smallest move in a currency does not always need to be equal to one basis point, but this is generally the case with most currency pairs.
777764
Call around to various banks and ask rather than just showing up. Call the one you use and have an account with first. I'm not sure what they will do now that Germany uses the Euro. When you call a bank (preferrably a big bank), ask for the International or foreign currency exchange dept. I hope you get a good exchange rate! Good Luck!
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Great point TaxGuru... great answer too.\n\nI'm referring to the fact that you might have depreciated the property and refinanced the property (taking cash out) over the years.  You might have only paid off your liens, but still received funds in excess of your adjusted basis.\n\nCalculating your real estate gain takes into account a number of factors.  Your original purchase price could have easily been much lower than your present liens.  Although you wouldn't have had to pay gains tax when taking cash out, you would have to account at the time of sale/title transfer.\n\nI've been working on my 1031 exchange real estate site, and should complete the site by July 4th.  Many of the functions are up and running.. you can calculate your capital gain here:\nhttp://www.1031store.com/resources/1031_capital_gains_calculator.php\n\nAlso, the site will have a place where you can search for professionals who will be able to help you... notably accountants(1031 exchanges are about deferring capital gains).\nhttp://www.1031store.com/experts/1031_exchange_experts.php\n\nI hope that you do not owe anything because this sounds like a tough situation.  Your foreclosure expenses probably ate up an awful lot of your potential gain.  You might want to also contact a real estate attorney to make sure that you are getting a fair shake.\n\nHope that this helps...
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There are many types of foreign exchange.\n\nOne is a monetary exchange rate.  Another is an exchange of students.  There are also Foreign Stock exchanges and others.\n\nDid you have one in particular in mind?
96699
Short for FOReign EXchange. (Foreign Exchange of Currencies)\n\nUseful when you are travelling, doing business or wanting to make a trading profit.
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no, the currency is CNY (Chinese Yuan). \n1 USD = 7.99 CNY
157400
$9,490,431 at current exchange rates
89935
Liz,\n1031 exchanges is a method for deferring capital gains taxes on the sale of an investment property by reinvesting the proceeds into another investment property.\n\nThe steps are rather simple, but you will need to involve a few professionals.\n1. Identify intent (acknowledge in your contract of sale of first property that you may want to do a 1031 exchange)\n2. Close on sale - clock starts - Proceed are held by 3rd party (1031 exchange intermediary/usually title co) the proceeds from the sale are NEVER in your possession.\n3. by 45 days from sale - identify new property\n4. by 180 days from sale - reinvest proceeds from sale into new property\n\nI'm testing a new 1031 exchange site.  Below is the link for more information.\n\nGood luck,\nChris