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"Where Fillmore County News Comes First"
Online Edition
Tuesday, February 9th, 2016
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Afraid of capital gains taxes when selling land?


By Chad Garteski

Mon, Jun 29th, 2015
Posted in All Ask the Expert

Many land owners are hesitant to sell land because of capital gains concerns. What many people do not realize is that there is a way to defer capital gains on real estate investments. The process is commonly referred to as a “1031 Tax Exchange” or a “1031”. I’m not a tax attorney or an accountant. so in this writing I’m introducing the concept at a high level, specific questions should be directed to the aforementioned. The beauty of a 1031 is that you could sell a piece of real estate that you are paying taxes on and not making any income and then use that money to buy property that does produce income. It is essentially looked at as a trade so you do not pay capital gains taxes on that transaction. There are many more details behind the scenes but there are professionals that take care of that for you. The key is have the process started with an attorney (1031 intermediary) before you sell your property. In summary it is a great way convert non-productive land into an income producing investment and you save (defer) thousands of dollars in capital gains in the process.

Is this newspaper politically motivated to support Democrats or Republicans?

Mon, Jun 29th, 2015
Posted in All Ask the Expert

No. While I do vote in elections and I have my views, I don’t let my opinions interfere with our content selection and presentation in this newspaper. I believe that all local voices deserve a place in the Fillmore County Journal, regardless of w ..... 
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What types of alarm/security systems does Heartland Security offer and how do they work?

By Tom Vega

Mon, Jun 29th, 2015
Posted in All Ask the Expert

It wasn’t long ago that when an intruder broke into a home, the home security system would sound an alarm and the monitoring station would contact the police to report the intrusion. Now, with the evolution of wireless technologies and software en ..... 
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How much more does it cost to build a concrete home with Insulated Concrete Forms (ICF’s) than a conventional wood stick framed home?

By Lyndon Lee

Mon, Jun 29th, 2015
Posted in All Ask the Expert

It depends of course on the design of the house, but in comparison to a stick framed fiberglass or cellulose insulated home, the cost can be 8 to 10 percent more on the overall cost of the home. The important thing to remember when calculating t ..... 
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What if we both want to get divorced?

By Matt Kirkpatrick

Mon, Jun 29th, 2015
Posted in All Ask the Expert

By: Matt Kirkpatrick, Attorney Often times, people think of divorce as one spouse wanting to get out of a marriage, and the other spouse not wanting to get out of the marriage. Then, one spouse serves the other spouse with a petition and commences ..... 
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Hay is ready to cut

Mon, May 25th, 2015
Posted in All Ask the Expert

By: Dan Bergin, Dairy Nutritionist As of May 18, hay is ready from Caledonia to Waukon to Lewiston. Once the weather heats up, bunkers can really heat up too. Keep bunker faces as tight as possible, since the top layer is more prone to heat than th ..... 
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A landscape design will save you $$$

By Peggi J. Redalen

Mon, May 25th, 2015
Posted in All Ask the Expert

Planning, ingenuity and patience will help keep green in your wallet as well as your yard. Avoid costly mistakes: really think about how you're going to use your outdoor space for the long run. Know when it is time for a change: Old, overgrown planti ..... 
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Should I include paid on-line marketing in my marketing plan and budget?

By Michelle Haugerud

Mon, May 25th, 2015
Posted in All Ask the Expert

The majority of people are now using the internet for some sort of use. If you have never tried placing an advertisement on-line, you could be missing out on this large market. On-line ads can provide so much more information to a user because the u ..... 
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I have a gun for home defense, is there anything else that I should also have?

Mon, May 25th, 2015
Posted in All Ask the Expert

A gun is an essential part for anyone’s home defense. However, the most important thing anyone needs for home defense is to be prepared with a safety plan. You should go about this with your family in the same sense that you do a fire drill or we ..... 
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