The new Housing Assistance Tax Act of 2008 has altered the capital gain exclusion on primary residences.  We always advise to consult your tax consultant but be aware of this information if you have any future plans.

1031 Exchanges

The tax deferred exchange is a valuable investment tool for maintaining continuity of investment dollars while affording investors the opportunity to consolidate, expand or diversify their portfolio of properties without recognizing capital gains taxes or depreciation recapture.