Tax Reduction Letter - Tax Tips for 1031 Exchange of a Porsche Cayenne for a Car

Article Date:

September 2010

Word Count:

446

Tax Tips for 1031 Exchange of a Porsche Cayenne for a Car

Question

Thank you so much for the August 2010 issue of Tax Reduction Letter. You are saving me a bunch of money.

My question comes from the Section 1031 article in the August issue titled “1031 Tax Program for Vehicles.” I want to make sure that I’ve got this right. So, here’s my question:

I have a Section 179–expensed Porsche Cayenne with a gross vehicle weight rating (GVWR) of more than 6,000 pounds and a zero basis, which I can sell for ... Log in to view full article.

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