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Something that affects organizations like liberty university, the largest christian university in the country. i just yesterday she stopped the enactment of the gainful emfloiment rules that were supposed to go into effect today. it would have caused bureaucrat i can nate mayors for our students. 1,031 students will not have to fill out extra forms filling out something too the government that they already submitted. you probably haven t heard about it anywhere in the news that she did it and we appreciate it have much. judge jeanine: no surprise we didn t hear about it in the news. but thanks so as much. i speak with parents who know all too well why we constipated? trust #1 doctor recommended dulcolax. use dulcolax tablets for gentle dependable relief. suppositories for relief in minutes. and dulcoease for comfortable relief of hard stools. dulcolax. designed for dependable relief. ....
Something that affects organizations like liberty university, the largest christian university in the country. i just yesterday she stopped the enactment of the gainful emfloiment rules that were supposed to go into effect today. it would have caused bureaucrat i can nate mayors for our students. 1,031 students will not have to fill out extra forms filling out something too the government that they already submitted. you probably haven t heard about it anywhere in the news that she did it and we appreciate it have much. judge jeanine: no surprise we didn t hear about it in the news. but thanks so as much. i speak with parents who know all too well why we need to track down on illegal t immigration. stay with us. tomorrow is not a given. but entresto is a medicine that helps make more tomorrows possible. tomorrow, tomorrow. i love ya, tomorrow in the largest heart failure study ever, entresto helped more people stay alive ....
Massi memo. earlier, we talked about 1031 exchanges, which is the process of exchanging one property for another without getting slammed with a big tax bill. the detailed step-by-step is on our website, but what you need to know is many people get caught off guard by the tax implications of real-estate transactions. but there are times when you can avoid that by doing a 1031 exchange. an exchange usually involves swapping one piece of property for another through a middle person. and this third party holds the proceeds from your sale and then uses it to purchase the other property. so, technically, you never really make a profit, and it never touches your hands and can t be taxed. now, this is critical. you must designate some potential new properties that you re looking for to buy within 45 days of selling the old one and then close on one of them within six months. that s it for today. be sure to send me your questions or property stories at propertyman@foxnews.com and check out our ....
That 180 days that new property, what s the impact? you have to close on the second transaction within 180 days of the first transaction. but you have then a 45-window period to designate that new property. that s correct. have you ever seen it in your experience where somebody hasn t designated it in a timely fashion, and, if so, what s the consequences, a tax? the regulations under 1031 are pretty complex, but they re designed to be sort of a safe harbor. and if you jump through all these hoops, and you do it timely, you qualify for the safe harbor. there s a land of limbo out there, however. if you have missed some of these deadlines, but you ve still never had control over the money, and the properties were like kind, you might be able to make the case that this was in effect a like-kind exchange. you re looking then for the regulators to give you a pass, ....
Me. from then on, it just took off. now, when you bought the property, how many square feet was this building at the time? not too big? 600 feet, maybe, something like that. so, over the years, and you expanded. i just kept buying up the property as it came available and then tore all the things down, which was all doctors offices and stuff like that. i don t know if you remember that. this is old las vegas. you built this business your own as a young woman. yes. .and built this up. you should be pretty proud of yourself. well, i m not proud of myself, but i m thankful that i ve been given the ability to do what i have done. and not only that, i ve worked very hard, and i enjoy every moment of it. you re a married man now, soldier. [ laughter ] up next, there s a thing called a 1031 exchange. it s a complicated concept of how you save taxes over a period ....