A new focus for Real Estate. Beyond the transaction there is the bigger role that real estate services can play in a community. Through my Give 10 program, portions of each sale go to the amazing non-profits that support our community members, provide the rich cultural experience that Northern Colorado offers and form the safety net for our at-risk residents. Fund-raising is always the biggest challenge for non-profits especially in difficult times. At Diane Sherry & Co we recognize this and do what we can to support those entities that make Northern Colorado an amazing place for residents and visitors alike.
For many real estate investors, there comes a time where a long held property has reached its point of diminishing returns. Depreciation has been fully realized, capital improvements are needed and the tax burden of selling outright is discouraging. I would like to offer some options that can help both the property owner in avoiding tax burdens and our community by returning investor owned properties to the market giving more options to young families and lower income buyers. A sale can be completed through a 1031 Tax Deferred Exchange to put off tax requirements until a final liquidation of property. A property can be donated to a charitable organization avoiding capital gains and depreciation recapture and giving the owner/donor a significant contribution to write off for up to five years against their taxes. The donation can be to a single charity or multiple charities. It can be done through a double close or using an intermediary.
For many real estate investors, there comes a time where a long held property has reached its point of diminishing returns. Depreciation has been fully realized, capital improvements are needed and the tax burden of selling outright is discouraging. I would like to offer some options that can help both the property owner in avoiding tax burdens and our community by returning investor owned properties to the market giving more options to young families and lower income buyers. A sale can be completed through a 1031 Tax Deferred Exchange to put off tax requirements until a final liquidation of property. A property can be donated to a charitable organization avoiding capital gains and depreciation recapture and giving the owner/donor a significant contribution to write off for up to five years against their taxes. The donation can be to a single charity or multiple charities. It can be done through a double close or using an intermediary.
Diane
