Vacation Homes as Investments Asheville, NC is one of our favorite topics these days.
We have, in the Asheville real estate market, a number of clients who are investing in Asheville, choosing to opt out of their condos at the beach and utilize their 1031 Tax Deferred Exchanges here in the mountains. Maybe it is the heat of summer at the beach, or maybe it is just that Asheville is listed on so many Top 10 lists, but investors are clued in to the good things Asheville has to offer, and are arriving on the scene.
When investors arrive, we always point out that we are not experts when it comes to the intricacies of the IRS tax code.
That’s why we refer our clients to those who are experts for details about the mechanics of the 1031 Exchange, especially in terms of Vacation Homes like this beautiful home just outside of Asheville.
In order to conduct a valid 1031 Exchange it generally is necessary to have such property rented to unrelated parties for a period of time both before and after the exchange, for example. In making sure a property actually qualifies for the 1031 requirements INTENT is all-important.
A leader of excellence in luxury-mountain living, Carolina Mornings Realty has a much sought after selection of the finest vacation homes in the Asheville, NC area— from captivating Blue Ridge Mountain chalets, to Smoky Mountain log cabins or an elegant downtown loft or a luxury residence, our properties say—WELCOME HOME TO ASHEVILLE, NC. ©
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