1031 Tax, Mountain - Prairie Region

Property Description

• 1031 Tax deferred property ideal for the deferment of 1031 tax

• True NNN

• Extensive Remodel

• Ideally Located on Main Street - 30,000 Daily Car Count

• Located in High-Growth Market

• Bonus: 4 Office Space for Additional Income

1031 Tax ("capital gains tax") for real estate investment property will vary by the holding period.

1031 Tax Holding periods come in 2 forms:

1. Short-term 1031 tax (ST 1031 Tax) for a holding period of one year or less.
• ST 1031 Tax for federal is currently at ordinary income tax rates up to 35%.

2. Long-term capital gains (LT 1031 Tax) for a holding period of more than one year.
• LT 1031 Tax for federal is currently 5% for taxpayers in the 10% and 15% tax brackets.
• LT 1031 Tax for federal jumps to 15% for taxpayers in the 25%, 28%, 33%, and 35% tax brackets.

Is that the total 1031 Tax? No! The state wants their 1031 tax portion too!
• The total 1031 tax is the sum of the federal 1031 tax and the state 1031 tax (the 1031 tax charged by the state is usually taxed as ordinary income).

1031 Tax can be deferred with this new 5-yr lease with Dollar Tree. Four more offices available for additional income. Extensive remodel of building and parking lot completed. Construction is masonry block over concrete slab and concrete foundation. Acceptable Phase 1 Environmental Report completed. Ideally located on Main Street across from new strip mall anchored by major Grocery Store.

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