Tax deferred exchanges are at an all-time high and continued momentum is expected. This growth continues from 2014 and is fueled by rising real estate values, higher tax rates and lower interest rates. With the recent threat of elimination or limitation of 1031 Exchanges in last year’s tax reform proposals, many investors are motivated to take advantage of their tax deferral opportunities now.
2015 promises to be another strong year for 1031 Exchanges as investors and owners seek ways to defer their taxes. Section 1031 of the tax code allows real estate investors to sell a property, defer the tax, and reinvest the proceeds into a replacement investment. Tax deferred exchanges are a popular investment tool which greatly enhances purchasing power and encourages taxpayers to continually invest in real estate.
If you want to know more about 1031 basics or brush up on more complex 1031 strategies to take advantage of tax deferral, please visit our website for in depth information or join us for one of our complimentary webinars:
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Important Reminder: If you deferred taxes via a 1031 Exchange in 2014, remember to file form 8824 with your tax return. IRS instructions and the form are available at www.irs.gov/pub/irs-pdf/i8824.pdf
IPX1031® makes the exchange process easy and efficient for you and your client by preparing all of the necessary 1031 documentation and coordinating the transaction with your Escrow Closer. With our cutting edge technology and expertise, we can provide you with everything you need for your exchange typically in less than an hour. As the nation’s largest 1031 Intermediary, IPX1031® has offices throughout the country and a highly skilled team of exchange attorneys, CPAs, coordinators and sales executives to provide quick answers and guidance throughout the transaction. And we have dedicated departments to assist you with specialized 1031 Exchanges.