VandeWater & Associates Licensed Real Estate Brokerage

 * NEW * NEW * NEW * Posted 8/5/2020

Tug Hill Plateau Land Sale

12.5‚Äč Acres with large tract of state land across the road. Over 510 feet of town road frontage directly on ATV and groomed snowmobile trail system. Only $28,900 Other lots available



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What is a 1031

Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment.  A tax deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of like-kind, while deferring the payment of federal income taxes and some state taxes on the transaction.