Lake Concessionaire to Hold Grand Openings on June 20
The new concessionaire for Monterey County’s South County Lakes will hold grand openings on Friday, June 20, for Lake San Antonio Resort & Marina and Lake Nacimiento Resort & Marina.
The event will be hosted by Monterey Lakes Resorts & Marinas, a Forever Resort.
The festivities at Lake San Antonio will be from 10 a.m. to 2 p.m. with concurrent events at
Lake Nacimiento from noon to 3 p.m.
OSCA SAFETY DAY & POTLUCK!
Held on JUNE 21ST
Between 11am & 3pm @ the Main Marina
Come meet the people that keep Oak Shores safe:
· Station 34 Fire Department and Equipment
· Cal-Star Air Ambulance
· H-70 Helicopter
· Inhouse Security Services
· FIRE SAFETY HOUSE
PLEASE BRING YOUR FAVORITE
LUNCH DISH TO SHARE!
For Details Call 805-472-2233
Do Vacation and Second Homes Qualify
for IRC §1031 Treatment?
It has been established that vacation or second homes held by the Exchangerprimarily for personal use do not qualify for tax eferred exchange treatment under IRC §1031. There has been no clear direction when a second home has mixed use, what roportion of rental versus personal use would qualify the property as held in a trade or business. Neither has there been clear direction hen a second home qualifies as held for investment. In Moore v. Commissioner, T.C. memo 2007-134, the Tax Court held that properties held for personal use with the mere hope or expectation of gain did not establish investment intent.
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Oak Shores Realty