Listing Details: Anchorage, Eagle River and Wasilla, Alaska Real Estate Listings & Homes For Sale Provided by Ranna & Associates

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Reduced - updated ranch in south anchorage

$165,000 recently reduced!

Photo of 1826 Bellevue Loop, Anchorage, AK, 99515.

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Address: 1826 Bellevue Loop	City/ST: Anchorage, AK	Zip Code: 99515
Location: anchorage	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 872	Bedrooms: 2	Bathrooms: 1
MLS# 10-105	Property Tax: 2209

This home is near a golf course and is four streets from the inlet. Up-dated ranch home in a quite South Anchorage neighborhood, close to schools and parks. Beautiful laminated floors, paint & new boiler and furnace installed in 2008. Fully fenced backyard. No Dues.

Last Updated: 1/27/2010 4:04:02 PM

Listing Agent and Office: Leyvin Hernandez, Keller Williams Realty Alaska Group

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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.

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Q	What area in the U.S. has been referred to as the "American Riviera"?
A	Miami Beach in Biscayne Bay is Florida's pre-eminent place for "people watching" and a hot spot for celebrities.
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Ranna & Associates, REALTOR�, real estate agent and broker for Anchorage, Eagle River and Wasilla, Alaska home listings, property and land for sale - NUMBER1EXPERT

Ranna Fekrat
Keller Williams Realty Alaska Group
101 Benson Suite 503
Anchorage, AK 99503
907-441-5815
Fax: 907-865-6565
rannafekrat@NUMBER1EXPERT.com

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