TAKE SIMPLE STEPS TO STAY SECURE! Threats to technology and confidential data from phishing scams, website spoofing, ransomware and malware are becoming more and more common. Ninety-five percent of security breaches are due to human error, so it’s imperative to...
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...
Referenced in: 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...
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...
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...
