All agents are NOT alike! Find out why we are top real estate experts. Call Steve Ashton at 785-826-7986 for all your Real Estate needs!

Request Our Free Relocation Package!
Moving your family to another town or state is a major event in your life! We have helped many families and individuals relocate!
Find Out More >
View All Offers >

"we appreciate your professional service..."
"Thoughtful, caring, professional, genuine, and honest are all adjectives that could be used to describe Steve and Karin Ashton."
Read Quote >
View All Quotes >

Compare three mortgages at one time. Download TripleCalc now. It's free.

Find Out More >
Download Now >

Ashton Home Team are some of The Top Selling Real Estate Experts™
Find Out More >

Local Maps and Links: Salina, Bennington and Lindsborg Kansas home buying, real estate listings, and homes for sale in Saline County, KS

Welcome > Local Info > Local Maps & Links ...

The Best Salina, Bennington and Lindsborg Web Sites

Request Our Free Salina, Bennington and Lindsborg Relocation Package.

Request our Free Salina, Bennington and Lindsborg Relocation Package. It's packed full of useful and important information about the Salina, Bennington and Lindsborg, Kansas area. Don't move here without it!

Are you new to the area? Request our FREE Salina, Bennington and Lindsborg package of relocation information. It's our job to help! There's no obligation, and we promise to respond quickly...

	About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State:
Country:
Zip/Postal Code:
Phone:
	About Your Move
When Are You Moving?
Where Are You Moving?
	About Your Home Search
Your Price Range?
Number Of Bedrooms?
Number Of Bathrooms?
Home Size In Square Feet?
	About Your Home
Your Preferred Selling Price?
Number Of Bedrooms?
Number Of Bathrooms?
Home Size In Square Feet?
	Additional Info
Please Enter More Details, Along With Any Comments, Concerns, Or Questions:
Send Latest Listings:
Send Latest News:

*Please note that fields marked with an asterisk are required.

Quick Response Guarantee >
We Guarantee Your Privacy >
Free & Without Obligation >

Tax Considerations >New 1031 Exchange Rules

One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.

A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.

Consult your tax advisor for more detailed information.

	See All Tips In The "Tax Considerations" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q	What is a VA home loan?
A	The Office of Veterans Affairs guarantees small or no-down payment mortgage loans made by lenders to U.S. veterans.
See More Real Estate Trivia >

Ashton Home Team, REALTORŽ, real estate agents and broker for Salina, Bennington and Lindsborg Kansas home listings, property and land for sale - NUMBER1EXPERT(tm)

Ashton Home Team
Millwood Realty
1101 S. Ohio
Salina, KS 67401
Office: 785-826-7986
Cell: 785-826-7986
Fax: 785-825-0637
steveashton@topproducer.com
I am a native of Salina, KS and have been in the Real Estate profession for 20 years. I have my brokers/salesperson license and have consistently been in the top 1% of agents in the areas of listings sold, buyer controlled sales and total units sold for the past 19 years. I hold various designations and degrees: CRS (certified real estate specialist), ABR (accredited buyers representative), GRI (graduate realtor institute) and graduated from Wichita State University with a degree in Business Administration. I am a member of NAR (National Association of Realtors), KAR (Kansas Association of Realtors) and our local Multiple Listing Service. I have served or am currently on the Board of Chamber of Commerce, Big Brothers and Big Sisters, American Cancer Society, American Business Clubs of America and Rotary International. I have been voted winner of the Salina Journals Readers Choice Award for Best Realtor 9 years in a row. I have a team of dedicated individuals who will work hard for you to make your real estate experience an enjoyable one. We look forward to meeting you!

www.AshtonHomeTeam.com is brought to you by Ashton Home Team
NUMBER1EXPERTS™ in real estate for Salina, Bennington and Lindsborg, Kansas

Read our Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge