Libby Churchill, Lic. R.E. Associate Broker
Bobbi Frederick, Lic. R.E. Salesperson

The Libby Churchill Team of Christensen Realty USA specializes in waterfront and resort properties in the Thousand Islands region on the St. Lawrence River in northern New York as well as seasonal and year-round homes on Lake Ontario. This is truly an amazing area of enchanting beauty that spans two nations - a well kept secret!

Our marketing area extends all along the Seaway Trail to include Alexandria Bay, Clayton, Wellesley Island, Cape Vincent, Hammond, Three Mile Bay, Chaumont, and Henderson Harbor. We also handle residential and commercial properties in Jefferson, Lewis and St. Lawrence Counties including the Fort Drum/Watertown area where our military presence with the 10th Mountain Division is strong.

In our website we have summarized much of what brings people from all areas to the Thousand Islands and Lake Ontario Region. Click on the "Town" tab to see for yourself what makes our area so special!

Need expert advice? No web site, large or small, can take the place of a top real estate agent. Not even ours! This site is filled with ways that you can contact us for one-on-one expert help and advice. That's our job. We offer the services on this site for free and without obligation. Why? We want to be YOUR real estate agents. As your trusted, professional real estate partners, we will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible.

Buying and selling a home is one of the biggest events in your life. As top agents in our area, we have the experience and track record you are looking for.

The Libby Churchill Team adheres to a Standard of Excellence that guides our customer service throughout every transaction. We strive to ensure that every sale is handled with the utmost professionalism and class. The service and information that we provide to our clients and customers is prompt, accurate and thorough.

We are the 'results' realtors!

- Libby Churchill Team

My real estate in Clayton

Tax Considerations >New 1031 Exchange Rules

One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.

A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.

Consult your tax advisor for more detailed information.

	See All Tips In The "Tax Considerations" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q	How did actress Jayne Mansfield decorate her Hollywood "Pink Palace" without buying any furniture?
A	She wrote to furniture suppliers asking for free samples, telling them they could brag that their furniture was in her outrageous mansion. She received over $150,000 worth of free merchandise.
See More Real Estate Trivia >

Libby Churchill Team, REALTOR®, real estate agent and broker for Thousand Islands, Lake Ontario Region and Fort Drum, New York home listings, property and land for sale - NUMBER1EXPERT

Libby Churchill Team
Christensen Realty USA
712 James Street
Clayton, NY 13624
Office - 315-686-4000
Direct Line: 315-783-7021
Fax: 315-686-3464
Libby@ChurchillTeam.com

The Libby Churchill Team adheres to a Standard of Excellence that guides our customer service throughout every transaction. We strive to ensure that every sale is handled with the utmost professionalism and class. The service and information that we provide to our clients and customers is prompt, accurate and thorough.

CRS ePro GRI CBR

www.LibbyChurchill.com is brought to you by Libby Churchill Team, real estate for
Thousand Islands, Lake Ontario Region and Fort Drum, New York

Read Libby Churchill Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

Libby Churchill, Lic. R.E. Associate Broker Bobbi Frederick, Lic. R.E. Salesperson

In our website we have summarized much of what brings people from all areas to the Thousand Islands and Lake Ontario Region. Click on the "Town" tab to see for yourself what makes our area so special!

Buying and selling a home is one of the biggest events in your life. As top agents in our area, we have the experience and track record you are looking for.

We are the 'results' realtors!

- Libby Churchill Team

Libby Churchill, Lic. R.E. Associate Broker
Bobbi Frederick, Lic. R.E. Salesperson