Milissa Ormiston-Hall Joins IPX1031 Oregon / SW Washington PORTLAND, Oregon (October 4, 2022) – Investment Property Exchange Services, Inc. (IPX1031) is pleased to announce the addition of Milissa Ormiston-Hall as Vice President, Oregon / SW Washington to the...
Ninety percent of people we recently surveyed thought owning a home is part of the American Dream. Interestingly enough, more than half believe they will never own their Dream Home – with the younger generations being most pessimistic. Great news is that with advance...
If you close your eyes and imagine your dream home, where would it be? On the beach or in the city? What would it look like? Maybe you prefer new construction while others would like a cozy renovation project. Here at IPX1031, we surveyed more than 1,000 Americans...
The Inflation Reduction Act was passed by Congress and signed into law by President Biden on August 16, 2022 without any changes to section 1031. This victory was the culmination of a vigorous, multiyear effort by employees of IPX1031, members of the Federation of...
Partial Exchange? Strategies to achieve 100% tax deferral. A 1031 Exchange allows a taxpayer to defer 100% of their capital gain tax liability. To do this, the exchanger must buy new Replacement Property equal to or greater than in value to the property sold and...
For 2022, here are our latest top misconceptions we’ve found that the public has about 1031 Exchanges. Vacation and Second Homes Qualify The Term “Like-Kind” Net Sales Proceeds Reinvesting Proceeds Replacing Debt Equal or Greater Than Improvements Related...
NEW Pennsylvania Law to Recognize 1031 State Tax Deferral Unlike other states, when real estate was sold, Pennsylvania did not permit taxpayers to defer state taxes via a 1031 Exchange – only federal taxes could be deferred. This changed on July 8, 2022, when...
