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If you bought rental real estate years ago before the Great Recession and it has gone down in value, you might have a big gain if you sell it. That is especially true if it is rental real estate and you have claimed depreciation expense for many years.

The way to postpone the gain might be to trade it for other investment real estate of equal or greater value. Section 1031 of the Internal Revenue Code allows you to trade for “like kind” property without paying tax on the gain unless you get cash out and/or have more mortgage given up than mortgage assumed on the new property.

Via the Bike Habitat:
With the 2013 Cycling season nearly complete, I have decided to host a Store-wide Sale. While everything in the store will be on sale, the Sale features great deals on 2013 model year bikes. Some Bikes are special markdowns, and some are opportunity buys from bike supplier overstock. I made some great purchases and I am passing on the savings. The Sale also features big discounts on summer clothing, helmets, shoes, tires & tubes, parts and accessories.

Grant money generated through the sale of Nevada Lake Tahoe license plates is available for projects designed to preserve and restore the lake, the state's division of lands announced Friday.

Around $350,000 generated from the plate sales will be available to public agencies seeking funding, according to a news release. Proposals which include the implementation of capital improvement projects that further the attainment of the TRPA Environmental Thresholds will be prioritized in this funding cycle.

A burned out license plate and tail light on a vehicle led to the arrest of a two early Wednesday morning, with a 19-year-old woman facing felony drug charges.

Officers patrolling the area stopped the vehicle near the intersection of Northridge and Roop streets shortly before midnight after seeing the violations and made contact with the driver, Shayla Marie Feber and an 18-year-old male passenger.

The inaugural Empty Bowls Project kicks off its campaign for the Carson City area Dec. 6 at the downtown skating rink during the Silver and Snowflakes Festival of Lights.

Empty Bowls is a grass roots movement to end hunger. Local artists young and old donate handmade bowls. Restaurants donate soup and food. For a minimum $10 donation you choose a bowl and fill it with food.

Creativity goes wild this week as the Friends of the Carson City Library hosts its annual Home for the Holidays Handmade Gifts and Creations Sale from Thursday through Saturday at the Carson City Library auditorium.

There'll be plenty of unique creations, handmade accessories, stocking stuffers and ideal gifts for the holiday season, plus raffle prizes too.

The Boy Scouts of America Nevada Area Council has now opened the doors to its new headquarters located on 500 Double Eagle Court in Reno. The Nevada Area Council is geographically the second largest Scouting council in the United States, serving 23 counties throughout northeastern California, and northern Nevada.

Christmas tree cutting permits in the Lake Tahoe Basin go on sale Nov. 18 with only 2,500 permits available on a first come, first serve basis, the U.S. Forest Service announced Thursday.

Permits cost $10 each (cash or check only, no credit cards) with a limit of two permits per family. Permit holders may choose from a variety of pine, fir or cedar in designated cutting areas.

It’s a proven hot ticket to catch a ride from Carson City to the North Pole. For the third year, The Polar Express train aboard the historic Virginia & Truckee Railroad has sold out. More than 16,000 passengers secured tickets on the Christmas season-flavored, children's story-inspired holiday passenger train.

Even with the addition of 18 more trains representing 6,500 seats over last year’s 10,000-plus capacity, a 66 percent increase, the train’s popularity continues to grow, V&T officials note.

Christmas tree cutting permits available through the Humboldt-Toiyabe National Forest, Carson Ranger District will be ready for sale beginning Nov. 22 and lasting through Dec. 24 or until the 4,000 permits are sold.

Permits are issued on a first-come, first-served basis for $10 each in designated cutting areas for white fir, incense cedar, Jeffrey, and lodgepole pine trees, according to the U.S. Forest Service.

A Carson City man on probation and with a n outstanding warrant for his arrest faces felony drug charges, including intent to sell after authorities found 3 grams of MDMA, also known as "Ecstasy" or "Molly" and several empty pills capsules during a search of his apartment.

Mark Emory Samuels, 27, was arrested Friday, Nov. 1, 8:18 p.m. in the 400 block of East Long Street.

According to the arrest report, officers with the Special Enforcement Team made contact with the man at his residence on a confirmed warrant from Carson City Justice Court for violation of a suspended sentence.

The Sierra Nevada Ballet will present the popular “Peanutcracker – The Story in Nut Shell” on December 6 and 7 in Carson City and December 17 in Reno. Based on Lev Ivanov‘s original ballet “The Nutcracker,” Peanutcracker is a shorter, 45-minute narrated version that is “designed for families with younger children to introduce them to the wonderful world of ballet,” noted Rosine Bena, Artistic Director of the Sierra Nevada Ballet.

Reno plein air painter Erik Holland will be out in all weather over the next two weeks painting some of the iconic features of Carson City for an upcoming reception, show and sale. The event is called "Art in the Afternoon" and will take place at the Jones Mansion in Gold Hill on November 9 and 10.

The Douglas County Library is holding its November book sale at the CVIC Hall in Minden on Friday, November 14th, (5-8 PM), Saturday, Nov. 16th, (9-5) and Sunday, Nov. 17 (9-2). Lots of books and media well categorized and reasonably priced. New items this sale: Signed book table and holiday gifts items. Friends of the Library get 15% off all weekend. Call the Library at 782-9841 for more information!

This week's guest on It's Your City is David Bugli, conductor or the Carson City Symphony. David provides a rundown of the symphony's 30th season that begins Sunday, Oct. 20, with the "The Lure of Tropics and Travel," at the Carson City Community Center's Bob Boldrick Theater, 851 E. William Street in Carson City. Featured guest soloist is pianist Joshua Russell.

The Carson City Symphony, directed by David Bugli, will open its 30th season on Sunday, Oct. 20, 2013, 4 p.m., with a concert, "The Lure of Tropics and Travel," at the Carson City Community Center's Bob Boldrick Theater, 851 E. William Street in Carson City. Featured guest soloist is pianist Joshua Russell.

The Carson Tahoe Health Foundation announces HopeFest 2013, an outdoor concert offering free admission with all sales on food, drinks and raffle tickets directly benefitting local cancer patients.

The outdoor event featuring the band Notch 8 takes place on Friday, October 4 from 5:00 P.M. to 8:00 P.M. outside of the Firkin & Fox restaurant on Third Street in Carson City. The event was rescheduled due to hazardous air conditions caused by the California Rim Fire.

RENO, NEVADA – September 30, 2013 – Today, more than one-third of U.S. adults suffer from obesity, a condition that is often accompanied by heart disease, stroke, Type 2 Diabetes, and even certain types of cancer. Considering that staggering statistic, Reno-based Western Bariatric Institute (WBI) believes it is more important than ever to raise awareness of obesity to help ensure access to effective treatment options as well as to provide education about prevention.

Ventana Sierra, who is a local non-profit who helps homeless and aged out foster kids with housing and college tuition, is hosting a Monster Ball as their major fall fundraiser.

The event will be held at the Plaza Hotel confrence room on October 26th from 8 PM to Midnight, and is for adults ages eighteen and over.

There will be a live DJ, costume contest, food, games and prizes, and much more. Tickets are on sale now for $25.00 and are being sold at V&T Pet Clinic at 2230 South Carson Street.If you have questions about this event, please call 775-384-2290.

Pick you own flower bouquet, wildflower and flower seeds all harvested by the special needs students, perennial plants for sale, and greenhouse grown herbal mocktails and refreshments on Friday, 4:30pm-6:30pm, October 4th!

Entertainment includes high school performers and live music by local acts. Art will be displayed in our 70 raised flower beds. This will be family/kid-friendly event! - paints for kids to play with, we will also be doing live screen printing on bio t-shirts, and we will have some thrift store finds as well to work with. Unique designed t-shirts will be on sale.

Among all the closed businesses and empty buildings around Carson there are a few places that are finally starting to bloom both figuratively and literally. North Carson was doubly hard hit by the recession and the freeway bypass that diverts traffic around the north end of town. There are dozens of vacant business properties on the North end of our city. So any improvement should be a welcome change in our cities fortunes or rather misfortune of the last five years.

Enjoy autumn’s change of season and get fit for the holidays with a 5K run and walk on Sunday, Nov. 3, at 3 p.m., in Carson City.

The Western Nevada College softball team is sponsoring the event to promote fitness and fun, and to raise funds for their upcoming 2014 season. Race headquarters is at El Charro Avitia Mexican restaurant, 4389 S. Carson St. in Carson City.

Returning with more rides and seat options for its third season after two consecutive years of sold-out tours, tickets to the Carson City Polar Express aboard the historic Virginia and Truckee Railroad are on sale now for the 2013 holiday season.

With just 30 trains in the U.S. that travel to the North Pole, the Polar Express aboard the historic Virginia & Truckee Railroad has captured the hearts, minds and imaginations of children, their parents and grandparents making the train tour into a holiday tradition for Carson City area families.

For one night only, an opportunity to see the movie “Trans” takes place in Carson City on Monday, September 16 at 5:30 p.m. at the Galaxy Theater, 4000 South Curry Street. When first announced, the event quickly filled theater capacity and “sold out,” but multiplex Galaxy quickly scheduled the screening in a a larger theater, and there are now ample seats available.

Virginia City’s St. Mary's Art and Retreat Center, the Gold Hill Hotel, and the Comstock Foundation for History and Culture will be co-hosting an event called “Turn up the Heat – Saving the Boiler at the Arts Center.” The event, held at the Gold Hill Hotel, will include a wine tasting and art auction. All proceeds will assist with the restoration of the 1875 historic building that houses the Center.

Youth Theatre Carson City is excited to announce our upcoming auditions for SHREK: The Musical, an exciting adaptation of the classic DreamWorks film to be held on Sept. 14, at 10 a.m. in the gymnasium at the Carson City Community Center. The show will run one weekend, Jan. 10-12, 2014 in the Bob Boldrick Theatre at the Community Center.

A 28-year-old Dayton man faces a felony charge of robbery after allegedly stealing a bottle of liquor from a grocery store on Wednesday and then assaulting the store security by knocking him to the ground.

Donald Lee Davis was arrested in the 170 block of Koontz Lane at 1:05 p.m. with the help of witnesses.

A small amount of firewood will be available for public purchase from the Nevada Division of State Parks. Approximately 50 permits will go on sale in Carson City on Saturday, Sept. 14.

The sale starts at 8 a.m. on the 1st floor of the Richard H. Bryan state office building, located at 901 South Stewart Street in Carson City. Permits are $50 per cord, cash or check only, limit one cord per address/family. The sale will end once all permits are sold.

A Carson City man faces a felony drug charge and seven misdemeanor charges. Randy Paul Warstler, 29, was arrested at 1:47 a.m. early Sunday, at the intersection of Telegraph and Curry.

According to the arrest report, officers responded to the area of North Carson Street and Winnie Lane for a report of a DUI driver in a vehicle with stolen license plates.

The 53rd annual Virginia City Camel Races will begin on Sept. 6, and once again the media will enlighten us on how the race was born over a half century ago, with a hoax published in the Territorial Enterprise in 1959 by then editor, Bob Richards.

The story is true. Richards, however, was a hellava lot more than the father of the Virginia City Camel Races. A talented individual with a creative mind, Richards was a driving force for the promotion of tourism on the Comstock for the 14 years he lived here.