IPX1031 Insight Blog

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Thank You from IPX1031®

To our many friends and clients. We want to say thank you. Thank you for your business. Thank you for your trust, confidence and loyalty. Happy Thanksgiving from IPX1031®. May the good things of life be yours in abundance, not only at Thanksgiving but throughout the...

10/31 Tricks and Treats

Fourth Quarter 1031 Tip If you are a calendar year taxpayer and you begin a 1031 Exchange during the 4th quarter of 2016, your 180 day deadline for completing the exchange will fall in 2017 — the next tax year. Timing is crucial for your tax reporting. To properly...

2 Is Better Than 1: A 1031 Win with Dual Use Property

If you are thinking of selling your dual use property – a primary residence property which is also used for business or investment purposes – you may qualify for the benefits of two sections of the Internal Revenue Tax Code. By combining IRC Sections 121 and 1031 in...

1031 Exchanges & Condo De-conversions

September 2016 The saying “what is old is new again” is perfectly illustrated with the latest real estate trend. For decades developers have purchased apartment buildings and then converted and sold the apartments as individual condominiums to meet demand for...

Top 5 Challenges to Avoid in a 1031 Exchange

When setting up or completing a 1031 Exchange taxpayers need to be mindful of the rules and procedures set forth in the tax code. These are five of the common mistakes that occur: 1) Not looking for Replacement Property soon enough. 2) Not starting a 1031 Exchange in...

Key Steps to Ensure a Successful Reverse Exchange

As the name implies, a 1031 Reverse Exchange is the opposite of a 1031 Delayed/Forward Exchange.  In a Reverse Exchange, new replacement property is acquired before the investor sells their old relinquished property.  While this structure is more complex than a...

Our Lender Made Us Do It!

  Spousal Vesting Issues and 1031 Exchanges Generally it is recommended that no changes be made to the way title to property is held shortly before or after a 1031 Exchange.  For example, if title to an apartment building is held by Lisa and Russell as husband and...

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