December 21st may be the darkest day of the year, but look for the confluence of Jupiter and Saturn to make it brighter than ever! As in it's not been this bright in more than 800 years. WOW! Light brings us hope in the darkest of times. In a year like no other in our collective experience, we need hope and the promise of better things to come. We can shine together and take care of each other during these very dark days of winter. Where will you be when Jupiter and Saturn bring such bright light to all of us?https://www.onlyinyourstate.com/vermont/christmas-star-vt/?utm_medium=email&utm_source=vermont&utm_campaign=newsletter&utm_content=nlbuttonB1
How much fun to look back in time! The memories are so clear and seem like just yesterday sometimes. What a fun trip down memory lane.
While your reminiscing, take a listen to my interview with Boston Rob. According to the piece, I'm a legend! WOW!
Winter in Vermont can lead to a new hobby: Birding! If you're at all like me, you'll enjoy watching from your window the variety of birds that come literally to your doorstep. Here's more about how to have fun being a "winter birder."
Your taxes may have been filed, but here's an opportunity for Real Estate Investors, to grow their proceeds through the Section 1031 exchange. Section 1031 exchange for rental and investment real estate, is a tool that allows investors to move the gain from one property to another without immediate income tax consequences. An instant benefit is to postpone the tax due which gives the investor a larger amount of proceeds to invest.
In the example shown, the investor has 21% more proceeds to invest and grow over time than if he had paid the taxes due instead of exchanging. A legitimate long-term goal might be to make qualified exchanges from one property to another until the investor dies. The heirs would then receive a stepped-up basis on the property based on the market value at the time of the decedents death and possibly avoiding taxes altogether. There are specific requirements to be met in order for the exchange to qualify.
For more information on exchanges, see IRS publication 544; the Sales and Exchanges explanations begin at the end of page 2. In addition to enlisting the services of a real estate professional familiar with investment property, seek the help of a Qualified Intermediary to facilitate the intricacies of the exchange.
Most school children would probably say that Thanksgiving dates back to the Pilgrims at Plymouth as early as 1621. By the late 1660s, it had become traditional to hold a harvest festival in New England. President George Washington declared the first nation-wide thanksgiving in 1789 as a day of public thanksgiving and prayer to be observed by acknowledging with grateful hearts the many and signal favors of Almighty God.
One of America's Founding Fathers thought the turkey should be the national bird of the United States. In a letter to his daughter sent in 1784, Benjamin Franklin suggested that the wild turkey would be a more appropriate national symbol for the newly independent United States than the bald eagle (which had earlier been chosen by the Continental Congress). He argued that the turkey was "a much more respectable Bird", "a true original Native of America", and "though a little vain & silly, a Bird of Courage."
One hundred fifty years ago during the Civil War, in October 1863, President Abraham Lincoln proclaimed the first national day of Thanksgiving. William Seward, Lincoln's Secretary of State, drafted the proclamation: No human counsel hath devised not hath any mortal hand worked out these great things. They are the gracious gifts of the Most High God they should be solemnly, reverently and gratefully acknowledged as with one heart and one voice by the whole American People.
Even though the country was in the middle of the costly Civil War, the people of America started an enduring tradition to give thanks. In 1941, Congress determined that Thanksgiving will be celebrated on the fourth Thursday in November.
Everyone dreams of their perfect home. A secluded mountain property, a waterfront home, or a historic farmhouse! Each and every one of us has a different idea of a perfect home. In Vermont, finding your dream home is a breeze. You're not just buying real estate in Vermont. You're investing in a lifestyle and living a dream.