Avoid These 5 Common 1031 Pitfalls

Common 1031 Pitfalls It’s almost turkey time. And as we gear up for a deluge of comfort food, family and friend reunions and 5K turkey trots, don’t feign food coma if you get caught in these 1031 pitfalls. Count your blessings and avoid these 5 common 1031 Exchange...

Best States for Tiny Homes

Throughout the last several years, the market for tiny homes has seen big growth. The pandemic accelerated the demand for this unique way of living as both first-time homebuyers and property investors have been attracted to the affordability and flexibility that tiny...

1031 Tricks & Treats for 10/31

1031 Tricks and Treats for 4th Quarter Transactions As we head towards year’s end, real estate transactions structured as tax deferred 1031 Exchanges continue at a record pace. Here are some tricks and treats for fourth quarter transactions that may help your real...

Tax Straddling – 1031 Exchanges at the End of the Year

updated October 2021 Tax Straddling - Pay Taxes in 2022 or 2023? When a 1031 Exchange is opened in the latter part of the year, a seasonal treat worth mentioning is “tax-straddling”. If that exchange is successfully completed, those taxpayers defer taxes to receive...

Suzanne Goldstein Baker Recipient of Inaugural FEA Life Member Award

Congratulations to IPX1031's Suzanne Goldstein Baker. This year beginning in 2021, Federation of Exchange Accommodators (FEA) has added a fourth class of members known as Life Members.  A Life Member shall be a former member retired from the profession and recognized...

Top 1031 Exchange Reminders You Need to Know

NEW for 2021 - Back to 1031 Basics   Fall has officially begun. School is back in session. And Congress is mulling over the direction of 1031. It’s a perfect time to review some key 1031 refreshers: 1031 Exchanges are under threat of elimination or heavy restriction...

Tax Notes: The 1921 Like-Kind Exchange Policy Still Makes Sense

September 2021 1031 tax policy is justified. It’s proven and sound. Limiting or eliminating Section 1031 is a truly ineffective pay-for. Our own IPX1031 Suzanne Goldstein Baker’s latest piece just published in Tax News Federal  (PDF version here) explains why:Tax...

QI Importance to 1031 Exchange Success

The demand for tax deferred 1031 Exchanges continues its record pace. If you are planning to sell your investment property with the goal of maximum 1031 tax deferral, the most important party to be concerned about is your Qualified Intermediary (QI). Why?  Your QI is...

IPX1031® Parent FNF Named Again to Fortune 500 List

updated for 2021 FNF #288 in Fortune 500 Rankings - 2021 IPX1031’s parent company, Fidelity National Financial (NYSE: FNF), again has been named to the Fortune 500 list. For 2021, FNF ranks 288. According to Fortune, Fortune 500 companies on 2021's list generated...

Top Misconceptions About 1031 Exchanges for 2021

For 2021, here are our latest top misconceptions we've found that the public has about 1031 Exchanges. 1031 Safety in Tax Reform Like-Kind Property Vacation Home Usage Reverse Exchange Reinvesting Proceeds and Replacing Debt Partially Tax Deferred Exchanges...

How Will Americans Travel in Summer 2021?

For many Americans, the plane tickets have been booked and the bags have been packed as travelers are eager to take much-needed vacations, but what will vacations look like this summer? After conducting a survey on travel sentiment earlier this year, we re-visited the...

Top Reasons to 1031 Exchange

The Power of the 1031 Exchange Commercial and Investment real estate transactions have been moving at a brisk pace and a considerable percentage of those sales have been structured as 1031 Exchanges, allowing sellers to defer taxes otherwise due in the year of sale....

Oppose Proposals to Eliminate or Limit 1031 Exchanges

We need YOUR help! The President has proposed limiting 1031 Exchange tax deferral to a maximum of $500K. The administration says the drastic change is part of the plan to “pay for” the cost of the $1.8 trillion American Families Plan. This is a direct threat to...

1031 Information Exchangers Should Know When Filing Your 2020 Taxes

Payment and Due Date for Individual Tax Returns Extended to May 17 On March 17, 2021 the Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021 to May 17,...

CRE Playing Defense to Preserve 1031

WealthManagement.com recently published The CRE Industry is Playing Defense to Preserve 1031 Exchange Tax Benefits and our IPX1031 General Counsel, Suzanne Goldstein Baker was quoted. Read Suzanne's quotes about the ongoing efforts to educate members of Congress about...

Tax Day 2021: America’s Biggest Procrastinators

We’re all guilty of a little procrastination every now and then, but who procrastinates the longest when it comes to filing taxes? Tax Day is right around the corner and the window for procrastinating on filing your taxes is getting smaller. In order to find out where...

Vacations Spurring Investment 1031 Exchanges

The rollout of vaccines is exciting but slower than many desired and most people are grappling with 2021 vacation plans. This has resulted in some investors contemplating if now is a good time to purchase a vacation, weekend or second home to meet their vacation or...

How Will Americans Travel in 2021?

With 2020 in the rearview mirror, Americans are feeling hopeful about travel and taking much-needed vacations in 2021, but will vacations bounce back this year? We surveyed Americans to find out if they plan to travel this year and, if so, what their travel...

1031 Exchange Trends and Info for 2021

As we start this New Year, below are key trends, issues and points to remember regarding 1031 Exchanges. 1031 Exchange Trends and Market Update 2021 2020 was yet again another record year for 1031 Exchanges. What’s in store for 2021? Commercial real estate is...

1031 Exchange for Tiny Homes & Tiny Offices

The allure of a tiny home or tiny office appeals to a growing number of people and we are seeing many creative uses. Besides being used as a primary residence, tiny homes are now being utilized as a backyard sanctuary, office or school workspace ‘in a box’, business...

Real Property Defined for Section 1031 Like-Kind Exchanges

The IRS issued Final Regulations, TD 9935, effective Dec 2, 2020, that provide guidance regarding the definition of real property for Section 1031 like-kind exchange purposes.  The 2017 Tax Cuts & Jobs Act (TCJA) amended §1031 by limiting its application to real...

Top 10 Misconceptions About 1031 Exchanges for 2020

For 2020, here are our latest top 10 misconceptions we've found that the public has about 1031 Exchanges. COVID-19 pandemic 1031 Extensions  Replacing Debt The Term Like-Kind Vacation and Second Homes Qualify Reverse Exchange Partial Exchange Qualified Intermediary...

Survey Reveals America’s Ideal Tiny Home and Tiny Office

They might be small, but tiny homes have a lot to offer to the right person with an open mind. Tiny homes have appealed to adventurous homeowners, investment property owners and travelers who are looking for a cozier and simpler lifestyle or vacation. And even though...

2020 Summary: 1031 Exchange Disaster Relief & Rev. Proc. 2018-58

Many disaster extensions have been granted by the IRS in 2020.  Accordingly, we thought it would be helpful to provide a summary of the relevant portions of Revenue Procedure 2018-58 that relate to 1031 Exchanges as well as how those provisions relate to disaster...

1031 in Estate Planning

The Brilliance of 1031 in Estate Planning We often talk about the immediate benefits of a 1031 Tax Deferred Exchange. 1031 is a great way to preserve equity, reposition assets and defer substantial amounts in taxes.  What many do not realize is that 1031 Exchanges are...

Reverse 1031 Solutions in a Challenging Market

Reverse 1031 Solutions The current pandemic has had great impact on how real estate transactions are financed and closed. Especially in this challenging environment, investors are actively utilizing 1031 Exchanges to strategically structure their transactions to...

How Americans Plan to Vacation During Covid-19

The Covid-19 pandemic has turned vacation plans upside down for Americans. Instead of booking flights to travel abroad, travelers are opting for road trips and extended stays at vacation homes and short-term rentals locally within the United States. In order to find...

Options if Your 1031 Exchange Property Has Been Impacted by COVID-19

Maximize Your 1031 Options Some taxpayers who recently completed a 1031 Exchange by purchasing an investment property just prior to the start of the pandemic have witnessed a drop in revenue and/or property value. In some cases the value drop due to the economic...

Investors Have a Rare Window to Make High Returns on 1031 Exchanges

IPX1031 EVP and Western Region Manager, Jennifer Keen, was recently quoted in ICSC's June 26th article, Investors have a rare window to make high returns on 1031 exchanges, experts say by Brannon Boswell. Keen, along with other experts, talks about the current 1031...

Strategic Outlook – Maximizing 1031 Exchanges (webcast)

IPX1031 EVP and Western Region Manager, Jennifer Keen, recently participated as a 1031 expert panelist in Maximizing 1031 Exchanges webcast hosted by Marcus & Millichap. To view the webcast, click here. Keen, along with the other panelists, talks about the current...

How to Maximize 1031 Via Your Home Office

Will Home Offices Be a New Normal? The shelter-in-place orders have had a significant impact on most of us, but one of the biggest changes for many people is that they are being asked to work from home. While most of us will go back to our regular workplace as quickly...

Survey Reveals How Airbnb Hosts are Coping During Covid-19

Airbnb and short-term rental property owners have felt the first-hand effects of Americans putting travel on hold due to Covid-19. Along with Americans limiting their travel, several states and local governments have put restrictions on short-term rentals, which has...

Additional 1031 Extensions Requested

Real Estate Coalition Requests Clarification of Disaster Relief for §1031 Exchanges On April 9th the IRS extended deadlines for the identification and purchase of properties in like-kind exchanges in response to the novel coronavirus pandemic, it is unclear whether...

1031 Extensions Granted!

Important 1031 information regarding IRS extended deadlines Great News! On March 9, 2020, the IRS issued Notice 2020-23, extending a variety of deadlines, including 1031 deadlines.  Although the Notice is confusing, because it is not written like the typical Disaster...

Your 1031 Funds Are Safe

Important information for our customers and 1031 community regarding safety and IRS deadlines During this period of volatility in the financial markets we have been receiving inquiries regarding the safety of the funds that we holding on behalf of our Exchange...

Tax Day 2020: America’s Biggest Procrastinators

NOTE: Read the latest 2021 tax procrastinators version here. Let’s face it, no one really looks forward to filing their taxes. Between the time, the paperwork and the thought of potentially owing money to the IRS, most Americans may want to drag their feet when it...

Wire Fraud – Protect Your Business and Your Clients

Our IPX1031 Associate General Counsel, Jim Miller, Esq. recently wrote this Wire Fraud article for the REALTORS® Land Institute. https://www.rliland.com/wire-fraud-protect-business-clients/ Wire fraud is a growing problem for everybody involved in real estate...

DSTs : A Management-Free 1031 Exchange Option

Delaware Statutory Trusts (DSTs) offer an intriguing option for investors who are looking for properties to complete their 1031 Exchanges. Why? DSTs do not have the typical responsibilities associated with managing investment properties. A DST is an “arm chair...

California’s Office of Tax Appeals Gives Hope to Drop and Swaps

California’s Office of Tax Appeals Gives Hope to Drop and Swaps (in California) On January 28, 2020 the California Office of Tax Appeals (OTA) delivered its opinion denying a Petition for Rehearing of the appeal of Sharon Mitchell, OTA Case No. 18011715.  This opinion...

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