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Weather, Climate and General Information The Albuquerque Metro area, with approximately 700,000 residents, can’t help but retain its neighborhood feel. Albuquerque is bordered by the Sandia and Manzano Mountains to the east, by the Petroglyph National Monument to the west, by Sandia Pueblo to the north and by Isleta Pueblo to the south. The city sprawls over more than 100 square miles at elevations ranging from 4,500 feet above sea level in the Rio Grande Valley to 6,500 feet at the foot of the Sandia Mountains. Albuquerque enjoys blue skies and sunshine 310 days out of the year. The weather makes Albuquerque a sport lover's paradise and outdoor activities of all kinds are popular with residents. Low humidity and warm temperatures make Albuquerque a four-season destination. For today's weather from The National Weather Service National Weather Service click here: Get Albuquerque, Rio Rancho and Los Lunas Weather Reports Here Request our Free Albuquerque, Rio Rancho and Los Lunas Relocation Package. It's packed full of useful and important information about the Albuquerque, Rio Rancho and Los Lunas, New Mexico area. Don't move here without it! It's our job to know EVERYTHING about Albuquerque, Rio Rancho and Los Lunas! Ask us any question. Or request a FREE information package. There's no obligation, and we promise to get back to you quickly... 
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.
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| Q |
What home product makes lawn mowing easier than ever?
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| A |
The Robomow, a robot lawn mower manufactured in the UK by Friendly Machines, can cut 6,000 square yards of lawn all by itself. |
 See More Real Estate Trivia > |
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