Monthly Archives: July 2011

An Ounce of Gold or an Acre of Land?

An Ounce of Gold or an Acre of Land?

Yesterday I noticed that the price of gold has risen to $1600 per ounce, and the thought struck me that land in my part of west Alabama is selling for approximately the same price per acre. I posed the question to two local business owners whether they would rather own an ounce of gold or… Continue Reading

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1031 Exchange Requirements

1031 Exchange Requirements

A 1031 exchange is defined by the Internal Revenue Code (IRC) Section 1.1031 as “No gain will be recognized on property held for productive use in business or investment when exchanged for like kind property held for productive use in business or investment.” This means property either real or personal property held for the proper… Continue Reading

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