Texas 1031 Exchange – What Are the Requirements for a 1031 Exchange in TX?

Video Transcript 

Let’s talk about 1031 Exchanges in the state of Texas. I’m pleased to let you know that when conducting a 1031 Exchange with a property that you’re selling in the state of Texas, there are no state specific requirements. Since 1031 is a section of the federal tax code, it is applicable to all fifty United States.

So if you are a customer that’s interested in selling a piece of real estate in Texas, and want to buy more Texas real estate or even if for some strange reason you need to buy real estate in any of the other 49 states, DC, Guam, The Northern Marianna Islands or the US Virgin Islands, you’re perfectly fine doing that through a 1031 Exchange.

Now as a reminder, when conducting an exchange, it’s really important to select a Qualified Intermediary, like IPX1031, to protect your funds in between the time that you sell property and go out and buy property. One of the best things about working with IPX1031 is that we are owned and backed by the largest provider of title insurance services in the entire world (NYSE: FNF). So when it comes to financial safety, security of funds and protecting your money in this completely unregulated industry, IPX1031 is absolutely second to none in business.

Understanding the 1031 Exchange Process in Texas

If you have any questions about the Texas exchange process or any other 1031 Exchange topic, please visit our Texas IPX1031 web page at www.ipx1031.com/texas. We’re happy to help.