1031 Tax Reform Update

September 2017 Labor Day has come, bringing with it fond memories of summer vacations and days at the beach. How did IPX1031 spend its summer? Working to save §1031 like-kind exchanges, of course! Our President, John Wunderlich, and General Counsel, Suzanne Goldstein...

IPX1031 President Meets with Chairman Brady to Save 1031 Exchanges

Recently IPX1031 President, John Wunderlich, was summoned to a private meeting by US Representative Kevin Brady, Chair of the Ways and Means Committee, to discuss the benefits that 1031 exchanges provide for the economy. John asked Evan Liddiard, Senior Policy...

Tax Reform That Kills Like-Kind Swaps a Red Flag for Farmers

Reproduced with permission from Daily Tax Report, 104 DTR G-3 (June 1, 2017). Copyright 2017 by The Bureau of National Affairs, Inc. (800-372-1033) http://www.bna.com By Allyson Versprille | May 31, 2017 08:01PM ET | Bloomberg BNA IPX1031's General Counsel, Suzanne...

Introducing the New IPX1031.com

June 2017 IPX1031 (Investment Property Exchange Services, Inc.) - your 1031 Exchange solution provider - is thrilled to announce our brand new website! Come check out our easy to use site and find 1031 value adds geared directly to you! What’s NEW: Capital Gains...

IPX1031 President Meets with Chairman Brady to Save 1031 Exchanges

Recently our IPX1031 President, John Wunderlich, was summoned to a private meeting by US Representative Kevin Brady, Chair of the Ways and Means Committee, to discuss the benefits that 1031 exchanges provide for the economy. John asked Evan Liddiard, Senior Policy...

IPX1031 President Meets with Chairman Brady to Save 1031 Exchanges

Recently our IPX1031 President, John Wunderlich, was summoned to a private meeting by US Representative Kevin Brady, Chair of the Ways and Means Committee, to discuss the benefits that 1031 exchanges provide for the economy. John asked Evan Liddiard, Senior Policy...

Advocates Aim to Preserve Like-Kind Exchange in Tax Reform

by Emily L. Foster, Tax Analysts, Tax Notes, May 8, 2017, pp. 726-730 Practitioners and industry advocates aim to preserve the coveted like-kind exchange tax-deferred treatment that could be threatened if Congress considers revenue-raising ideas proposed by former...

Be Prepared If Your 1031 Transaction Needs to Go in Reverse

1031 Exchange transactions have been on the rise this year.  What’s also been trending is the sharp increase in the need for Reverse Exchanges.  With limited available inventory and market aggressiveness, or even just wanting to secure your ideal Replacement Property,...

Republican Tax Reform Plan Puts 1031 Exchanges On The Chopping Block

Travis Gonzalez, Bisnow In June 2016, while Americans were focused on the presidential election, a Republican task force unveiled a 35-page blueprint for tax reform. Dubbed “A Better Way,” the reform attempts to overhaul tax policy and to stimulate the economy through...

Ways & Means Considers Abolishing 1031 Exchanges

  Soon, 1031 exchanges may be eliminated under current tax reform proposals. While recent studies have shown 1031 exchanges benefit taxpayers, businesses and the economy, Representatives on the Ways and Means Committee are considering striking Section 1031 from...

Hope for Taxpayers Sailing Outside the Reverse Exchange Safe Harbor

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...

1031 Exchange Trends for 2017

January 2016 Across the US, 2016 was a record year the number of tax deferred exchanges and continued growth is expected for 2017. However the future of 1031 is uncertain with the new administration and Congress. Section 1031 of the tax code allows investors to sell a...

May Your 1031 & Holidays Be Merry & Bright

‘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...

Tax Straddling for 2016-17

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 purchase new property to successfully complete the 1031 Exchange, and the exchange...

Op-Ed: Lee: Small businesses need smart tax policies

Houston Chronicle recently ran an Op-Ed by Randy Lee. Says small businesses are the backbone of the American economy accounting for 99.7% of all US employers. 1031 exchanges utilized through small businesses ultimately bring higher growth and more revenues for the...

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 Tax Reform Update – October 2016

While the Presidential campaigns continue to duke it out, we and our industry association, the Federation of Exchange Accommodators (FEA), have been busy educating the candidates about the importance of Section 1031 like-kind exchanges. In September, 26 members of the...

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...

IPX1031® Expands Northwest Region with New Talent

Portland, OR – [September 22, 2016] – Investment Property Exchange Services, Inc. (IPX1031®) has strengthened its Pacific Northwest operation with new talent this month in a response to growth in the marketplace. In addition to enhancing its exchange coordination...

Letter on 1031 Benefits Sent to Donald J. Trump

A letter in support of section 1031 and signed by 26 real estate, forestry, farm, and land conservation organizations was sent to Donald J. Trump today. Click here to read the Trump letter. The letter is signed by 26 real estate, forestry, farm, and land conservation...

Letter on 1031 Benefits Sent to Hillary Rodham Clinton

A letter in support of section 1031 and signed by 26 real estate, forestry, farm, and land conservation organizations was sent to Hillary Rodham Clinton today. Click here to read the Clinton letter. The letter is signed by 26 real estate, forestry, farm, and land...

Top 5 Challenges to Avoid in a 1031 Exchange

When 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 time. 3)...

Opportunities of the 1031 Exchange

Pokémon are suddenly taking over the world. Why the staggering hype with Pokémon? Pokémon Go is a new mobile game that blends real and digital worlds together using your phone’s location services and camera so that you can catch virtual Pokémon in real life. The game...

1031 Tax Reform Update – GOP’s A Better Way

Last Friday, on June 24, 2016, House Ways & Means Chairman Kevin Brady (R-TX), flanked by his predecessor, Speaker of the House Paul Ryan (R-WI), announced what informally has been called the GOP’s “Blueprint for Tax Reform.” The official title of this ambitious...

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...

Like-Kind Exchanges are a Model for All Capital Gains

Americans for Tax Reform recently posted about the strengths of 1031 Exchanges and how in a perfect world, capital gains should be treated the same as like-kind exchanges: Like-kind exchanges, a provision existing under section 1031 of the tax code allows an investor...

IPX1031® Parent FNF Named Again to Fortune 500 List

FNF #311 in Rankings   IPX1031®’s parent company, Fidelity National Financial (NYSE: FNF), again has been named to the Fortune 500 list. FNF ranks 311 with $9.1B in revenues for 2016. According to Fortune, Fortune 500 companies represent two-thirds of the U.S....

1031 Tax Reform Update – June 2016

We at IPX1031® have been busy furthering the Section 1031 education and awareness campaign. Since the beginning of the year, our President, John Wunderlich, and our General Counsel, Suzanne Goldstein Baker, along with colleagues in the FEA (our industry association)...

GlobeSt.com Interviews Joe Cosenza on 1031 Repeal Issue

Could Proposed 1031 Changes Be Good For Joe Cosenza? by John Salustri GlobeSt.com May 31, 2016 Joe Cosenza of Inland Real Estate Group talks with GlobeSt.com Editor John Salustri about his opposition to a potential repeal of Section 1031 and the effects of repeal on...

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...

DSTs – An Option to Keep on Your 1031 Radar

DSTs offer an intriguing option for investors who are looking for properties to complete their 1031 Exchanges.   A DST (Delaware Statutory Trust) is an “arm chair investment”, or a passive investment opportunity that allows individuals to own fractional shares in...

The Five Professionals to Have on Your 1031 Dream Team

March Madness is almost here. In the 1031 game, if you or your clients are considering a tax deferred exchange, what kind of “Dream Team” will you need to make it through the Final Four and on to the national championship?  There are five professionals that are...

Personal Property and Depreciation Recapture

Most taxpayers are familiar with the advantages of structuring their real estate transactions as a 1031 Exchange. What is surprising is that many 1031 Exchanges are solely personal property transfers or have a personal property component attached to the sale. For...

1031 Exchange Trends for 2016

January 2016 Nationally, there were a robust number of tax deferred exchanges in 2015 and continued momentum is expected for 2016. This momentum is sparked by an improving commercial real estate market coupled with higher tax rates. Section 1031 of the tax code allows...

But I Already Paid the Taxes…

California Franchise Tax Withholding   What happens to California Franchise Tax Withholding when the Exchanger files a tax return, and pays tax, on a failed exchange while the Qualified Intermediary is still holding the exchange funds?     Example:...

What the Change to FIRPTA Withholding Means for You

  Under current federal law, if a foreign person sells US real property, the buyer is obligated to withhold 10% of the gross sales price and remit this to the IRS.   Pursuant to the Protecting Americans from Tax Hikes Act of 2015, however, which became law on...

1031 Tax Reform Update – January 2016

The most important news for the Section 1031 community coming out of the year-end tax and budget bills was the absence of any mention of §1031 as a “pay-for” for any of the expenditures in those bills. These are expensive bills, so non-mention of §1031 is a big win...

1031 End of Year Reminders – 2015

December 2015 To keep your holiday season merry and bright, here are a few key 1031 updates and reminders: Tax straddling may be a viable option for you if you are currently considering a 1031 Exchange Read more. Here’s a little holiday gift for you. Tax day will come...

Eating The Seed Corn: Congress Proposes Repealing Section 1031

A RECIPE FOR DISASTER Eating The Seed Corn: Congress Proposes Repealing Section 1031 Options Under 1031 Benefit All Parties, Including The IRS by Joseph Darby BankerandTradesman.com November 22, 2015 Everyone understands that “eating your seed corn” is a really bad...

Common 1031 Misconceptions

While gearing up for the busy year-end transaction season, here are a few of the topics we get asked about the most. 1. The Term Like-Kind 2. Sell One, Buy One 3. Reinvest Everything 4. Replacing Debt 5. Exchange a Vacation Home The Term Like-Kind “I am selling an...

1031 Tax Reform Update – November 2015

A lot of unexpected activity has been happening in Washington, DC over the past month. House Speaker John Boehner retired and Rep. Paul Ryan (R-WI) was elected to succeed him. Speaker Ryan is familiar with IRC Section 1031 and understands that it provides only a...

Locate a 1031 Expert in Your Area

About

IPX1031 is a full service Qualified Intermediary with highly specialized exchange divisions to handle any type of exchange transaction nationwide.

Pin It on Pinterest