Flathead1031

When Congress passed the Housing Assistance Tax Act of 2008, their goal was to help individuals in danger of losing their homes to foreclosure. However the bill also included a modificazation to the Section 121 exclusion of gain on the sale of a primary residence. For more information about doing a 1031 on a vacation home available in these valuable downloads

Establishing Intent on Vacation Homes (pdf 565KB)Go
   Includes:
  • Do Vacation Homes Qualify Under IRS 1031?
  • Does the IRS Define Investment?
  • Suggestions That May Help Prove Intent
The Confidence of a Great Decision (pdf 569KB)Go
   Includes:
  • How to feel Confident When Selecting a Qualified Intermediary
  • Safety and Security of Exchange Funds
  • Handling of Exchange Funds
  • Experience, Structure & Affiliations
Housing Assistance Tax Act of 2008 (pdf 566KB)Go
   Includes:
  • Section 121 Primary Residence Exclusion
  • Modification to Primary Residence Exclusion
  • Affec on 1031 Exchange Planning

©2014 Northwest Montana Association of Realtors®.
The property data on this web site comes in part from the Internet Data Exchange (IDX) program of the Northwest Montana Association of REALTORS® Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Flathead Land & Home shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data.

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