Heavy Equipment
Save A
Truck-Load On
Taxes When
Selling Your Heavy-Equipment!
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(Listen Here 5:28 min)
Why exchange your heavy-equipment?
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Compared to real estate, the IRS deprecation schedules allow for much more rapid deprecation of business-equipment... |
This allows you to recover your cost of investment much more quickly!
It also has the effect of quickly reducing your tax-basis down to zero.
Remember, your gain is determined by subtracting your sale-price (amount realized) by your adjusted basis - and if your basis is at or near zero - that means nearly all of the sale-proceeds would be subject to capital gains tax...
Because heavy-equipment generally has a long maker's life - it typically lasts longer than the depreciation. That means you could get taxed HEAVILY on your heavy equipment (unless you use a 1031 exchange!).
1031 Tip: Never conduct a sale - always structure your transactions as tax-free exchanges .
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You can defer these capital gains taxes indefinably by conducting a 1031 exchange on the disposition of your business equipment. Your personal property that has been used for investment or in a trade or business - can be exchanged of other like-kind personal property... |
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180 Day Exchange Requirement: You must actually receive the benefits and burdens of ownership to your new-like-kind equipment no later than 180 days after the date of the transfer of your old relinquished-equipment. This means that you have to actually receive your new replacement-equipment within the 180 day exchange-period.
Value Requirement: In order to defer all of the gain, your replacement-equipment typically should be equal or greater in value than your old relinquished-equipment, and all of your equity (or proceeds) from the sale of your old relinquished-equipment should be reinvested into your new replacement-equipment.
Nation Wide Tax-Exchange Services:
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Call Me Directly (Toll Free) At 1-888-308-1031 For A Free Consultation - Or Click Here
To Start Your Exchange Online Today! |
