I have received several questions from clients regarding the current state of the real estate and rental market here in the Smokies. I thought I would post my analysis for all to see regarding the Sevier County area real estate market, foreclosures, and the impact of the “real estate/mortgage bubble” on the local rental management companies. […]

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“Until now, the issue of whether a vacation home qualifies for tax deferral treatment under IRC §1031 was the subject of much scrutiny and uncertainty.
To the delight of many tax practitioners, on Feb. 15, the IRS eliminated that uncertainty by issuing Revenue Procedure (”Rev. Proc.”) 2008-16, effective March 1 which provides a safe harbor for […]

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