A “reverse” exchange occurs when the taxpayer acquires the replacement property before transferring the relinquished property. A “pure” reverse exchange, where the taxpayer owns both the relinquished and replacement properties at the same time, is not permitted. As a...
Be sure to read our current 1031 Exchange Trends for 2024. And read past trends 2023, 2022, 2021, 2020, 2019, 1031 Exchange Updates & Impacts 2018, 1031 Exchange Trends for 2017, and 1031 Exchange Trends for 2016 January 2016 Across the US, 2016 was a record year...
IPX1031®’s Suzanne Goldstein Baker is quoted in Ken Harney’s article. Bottom line – keep an eye on what’s happening with tax reform as it could happen fast. by Kenney R. Harney, The Chicago Tribune The small-scale owners of millions of rental...
Current Threats to a Hundred Year Old Tax Tool by Suzanne Baker, EVP and General Counsel of IPX1031® Terra Firma, the official publication of the REALTORS® Land Institute Almost one hundred years ago, Congress enacted Internal Revenue Code 1031, permitting deferral of...
‘Tis the season. To keep everything merry and bright, here are a few key 1031 updates and general reminders. Happiest of holidays from IPX1031®. 1031 End of Year Reminders – Tax straddling may be a viable option for you if you are currently considering a 1031...
With the newly elected Republican Congress and President, tax reform has been announced as a top priority, with a bill promised in early 2017. Speaker of the House Paul Ryan and House Ways & Means Chairman Kevin Brady have indicated that their plan is to move...
updated October 2020 Be sure to read Tax Straddling – Pay Taxes in 2021 or 2022? If a taxpayer successfully completes a 1031 Exchange, major benefits include deferral of taxes and the ability to invest all of their equity. However, if a taxpayer is not able to...
