Exit Desert Ocean Presents an Spring Valley Lake Home at Schooner Drive.

This Home is available for you to purchase. Contact Exit Desert Ocean Today.
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Spring Valley Lake Home on Schooner Drive
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Victorville Real Estate
141910 La Habra Victorville
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Dino Champange
1031 Exchanges Frees up your Taxes 
The government doesn't make it impossible, but it is restrictive to do a 1031 exchange. There are time dead lines and forms that must be followed.

Assest Protection and Assest Management are two of the hall marks of the work of Dino Champange. She educates and shares from her experience how a client and a realtor can best use this very important Tax Code benefit for the Investor. 


Spot Light on 1031 Exchange Dino Champange
She walks with confidence and knowledge, She is personable and has this draw you in laugh. She is Dino Champagne an presenter on IRS code 1031 which involves both personal and real property exchanges. I have attended Dino's basic class at least three times. She knows which questions are too deep for the group in front of her and which issues to repeat and affirm making sure we got it. Bottom line Dino wants your business and she deserves it. I have never met any one else from her company, however if she is the quality of an individual that represents the company, I am good to go.

So.... Internal Revenue Code Section 1031, Title 26 Subtitle A-- Income Taxes, Chapter 1-- Normal Taxes and surtaxes, Sub-chapter O-- Gain or Loss on Disposition of Property, Part III Common nontaxable exchanges, (a) Nonrecognition of gain or loss from exchanges solely in kind,

Did you get that? I mean when you read the real thing, the tax code are you already swimming and lost and wondering why you are doing this?

90 minutes later with an explanation of the 45 day "cast in Stone" identification period how many and how is it done and how long? The completion within 180 days "cast in Stone" of the beginning, and the issue that the person exchanging cannot receive any of the proceeds and cannot touch the proceeds of the exchange or it becomes "Boot" The issue that the IRS follows these requirements. That the IRS does not write law but simply enforces it. That you must use a Qualified Intermediary for the purpose of an exchange.

Well when the time period is over, I feel I know more about exchanges than when I walked in and I also feel that I have more to learn. By the way, the time period goes by very rapidly.

How Dino Champagne keeps all this stuff straight and can answer out question without giving us legal or tax advise is something to watch. If you ever hear that she is in the neighborhood, ask to be present, you will exchange your time wisely through this qualified intermediary.

Eat your Veggies

Val Rensink

Exit Desert Ocean Realty

Victor ville , Hesperia, Oak Hills, Phelan, lucerne, pinon hills,



World Vision changes a child's world for good

Gary of ExitDor, Wow,  I didn't know I could learn so much in one hour.

 

Cathy Meyers, Now  I want to do a 1031 exchange with one of my rentals. I think I will use Dino.

 

Tony A,  I couldn't believe how much useful information was shared and I really think I got it.