IPX1031® Insight Blog
1031 Update on Capitol Hill – June 2022
Members of Investment Property Exchange Services, Inc. (IPX1031) and of the Federation of Exchange Accommodators (FEA) continue to meet with policymakers to educate them about the powerful economic benefits of Section 1031 Like-Kind Exchanges. The updated Sustaining...
The Most Desired Airbnb Destination in Every State
Referenced in:We found the most disproportionately popular search terms relating to Airbnb rentals across the U.S. We also found the most desired Airbnb amenities in every state.Summer is here and that means Americans are ready to vacation. Demand for travel is once...
DST 1031 Exchanges – An Option to Keep on Your 1031 Radar
DSTs – An Intriguing Armchair Investment for 1031 In today’s 1031 Exchange market, Delaware Statutory Trusts (DSTs) may offer an intriguing option for investors who are looking for properties to complete their 1031 Exchanges. Why? DSTs are passive management/current...
Updated E&Y Findings Confirm Power of 1031 – May 2022
Updated findings of Ernst & Young’s (EY) May 2021 research about the Economic Contribution of Sec. 1031 Like-Kind Exchange to the US Economy in 2021 were released May 2022. The study measures not only the direct impact on taxpayers engaged in like-kind exchanges,...
Replacing Debt in a 1031 Exchange
Replacing VALUE of Debt to Fully Defer Taxes Many taxpayers (and tax advisors) are under the misconception that the IRS mandates that they must have equal or greater debt on their 1031 Exchange Replacement Property (property taxpayer is purchasing). This is not the...
IPX1031 Expert Quoted in Bisnow: Biden Is Going After 1031 Exchanges Again. CRE Is Mobilizing To Stop Him
In Bisnow’s Biden Is Going After 1031 Exchanges Again. CRE Is Mobilizing To Stop Him, IPX1031 EVP Suzanne Goldstein Baker was quoted that IPX1031 and industry partners have spent significant time and energy educating our policymakers as to the powerful economic...
1031 Update on Capitol Hill – March 2022
President Biden released his FY2023 budget this week, and it again proposes a cap on deferred gain from like-kind exchanges. This doesn’t represent a new threat to Section 1031. It is just a repeat of what was in the 2022 budget. The FY2023 proposal would allow the...
The Five Professionals to Have on Your 1031 Dream Team
We are in the height of March Madness. And the adrenaline pumped ride from Sunday Selection all the way to the championships takes hours and hours of training, strategic finesse and flawless teamwork and execution.In the 1031 game, if you or your clients are...
Tax Day 2022: America’s Biggest Procrastinators
New research from IPX1031 reveals which states are the biggest procrastinators when it comes to filing taxes in 2022.
Identity Theft Reports by State: 2022
Referenced in:As Americans prepare their tax returns this year, it’s important to be on the lookout for any signs of suspicious activity in order to avoid becoming a victim of identity theft. In 2021, there were more than 1.4 million reports of identity theft across...
IPX1031 Nevada Expansion Scores with Sara Remley
IPX1031 expands Nevada with new local presence in Las Vegas LAS VEGAS, Feb. 17, 2022 / IPX1031 (www.ipx1031.com), the national leader in 1031 Exchange services, announced today the addition of Sara Remley in the position of Regional Sales Executive in Las Vegas,...
How to Identify 1031 Exchange Property
Identification of 1031 Exchange Property Simplified One of the critical parts of a 1031 Exchange is how the new Replacement Property is “identified”. Why? There are strict timelines and rules that if not properly followed will disqualify your exchange for tax...
1031 Update on Capitol Hill – January 2022
January 26, 2022 Limitations to IRC Section 1031 were not included in the 2021 House-passed version of the Build Back Better bill (BBB). As we roll into Q1-2022, we continue to watch BBB progression, in whatever form that may take, monitoring any changes to provisions...
1031 Exchange Trends and Info for 2022
As we start this New Year, below are key trends, issues and points to remember regarding 1031 Exchanges. 1031 Exchange Trends and Market Update 2022 1031 Exchange transaction record setting continued in 2021. What’s in store for 2022? Despite suffering setbacks during...
SIOR: Preserving The 1031 Now And For The Future
Winter 2021 The 1031 Exchange is a vital investment tool for the CRE industry and is an economic driver for the US economy. IPX1031's own Suzanne Goldstein Baker shares why in this latest piece just published in SIOR (PDF version here):SIOR: Preserving the 1031 Now...
End of Year Reminders 2021
End of Year Reminders for a 1031 Happy Holidays Tax Straddling 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 the...
1031 Update on Capitol Hill – December 2021
December 14, 2021 Santa’s sack is chock full of important legislation to be delivered before the holiday season concludes. The debt limit must be raised and the National Defense Authorization Act must be passed. And while the ETA for Santa’s sleigh is projecting...
1031 Update on Capitol Hill – House Passes $1.7T Spending Bill – November 2021
November 22, 2021 The House of Representatives passed a $1.7 trillion spending bill last Friday, November 19th. At this point Section 1031 remains intact and unchanged. The Administration’s proposal to cap Section 1031 at $500K per taxpayer was not included as a “Pay...
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
For the latest data on tiny homes, check out our 2024 report. 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...
1031 Update on Capitol Hill – 1031 Zombie Legislative Update as of 10/29/21 – October 2021
October 29, 2021 1031 Zombie Legislative Update What a week it has been for the living! The proposal to cap Sec 1031 like-kind exchanges at $500,000, effectively a repeal of this important tax-deferral, tax-timing tool, is Zombie legislation. It’s a bad idea that...
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...
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...
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...
1031 Update on Capitol Hill – $3.5T Infrastructure Bill Begins – September 2021
September 2021 1031 Will Be In or Out The House recently passed the 2022 reconciliation Budget Resolution that sets up work on the 3.5 trillion infrastructure plan including social programs and tax increases. It is the tax increases that threaten Section 1031 with a...
1031 Update on Capitol Hill – Senate Amendment Voice Vote – August 2021
August 2021 On August 11, the U.S. Senate approved an amendment to preserve Section 1031 in its current form. The amendment was offered by Sen. Kennedy (R-LA) as part of the budget resolution Vote-a-Rama, and it passed by unanimous voice vote. While the passage of...
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...
IRS Cannot Extend Statutory Deadlines Beyond What Is Permitted in a Disaster Extension
IRS Cannot Extend Deadlines Taxpayers frequently ask us if there is any way to extend the 45-day and 180-day deadlines for identifying Replacement Property and completing an IRC Section 1031 Exchange. As a recent IRS letter pointed out, the answer is, “probably not.”...
Increase in Summer Travel Spurs Interest/Questions/Demand in 1031 Vacation Property
Got the summer itch for traveling? If so, you’re like most Americans. Based on our recent research, we’re gearing up for a very busy travel summer. Most of us, having been in our homes for a very long time, now want to discover new places, cuisines, landscapes,...
How Will Americans Travel in Summer 2021?
UPDATED for 2023:Holiday Travel Statistics: Travelers Concerns for Upcoming Season, Busiest U.S. AirportsAmerica’s 2023 Travel Outlook For many Americans, the plane tickets have been booked and the bags have been packed as travelers are eager to take much-needed...
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...
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...
1031 Exchange Identification Issues – Identifying Uncommon 1031 Property
Specific rules and regulations must be followed for a successful 1031 Exchange, such as identifying Replacement Property within forty-five days of the closing of Relinquished Property. For most exchanges, the identification rules are not difficult to follow. But...
Tax Day 2021: America’s Biggest Procrastinators
NOTE: For the latest data, please take a look at our Tax Procrastinators 2024 report. 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...
IPX1031 Adds Mark Bullock, Esq. as Regional Attorney Manager of their Mountain Region
Mountain Region (February 2021) - IPX1031 announces the expansion of its Mountain Region operation to be managed by industry veteran Mark Bullock, Esq. “We are excited to add such a respected professional and 1031 expert to our expanding team,” said Jennifer Keen,...
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?
UPDATED for 2023:Holiday Travel Statistics: Travelers Concerns for Upcoming Season, Busiest U.S. AirportsAmerica’s 2023 Travel Outlook With 2020 in the rearview mirror, Americans are feeling hopeful about travel and taking much-needed vacations in 2021, but will...
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. be sure to read our newest 2022 trends - click here 1031 Exchange Trends and Market Update 2021 2020 was yet again another record year for 1031 Exchanges. What’s...
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
For the latest data on tiny homes, check out our 2024 report. 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...
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 Trick or Treat? Estate Planning, Tax Straddling, California SB 1079 & Cybercrime
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...
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...
How to Maximize 1031 Vacation and Rental Property
Be sure to read Increase in Post-Covid Travel Spurs Interest/Questions/Demand in 1031 Vacation Property Maximize Your 1031 Options In our recent How Americans Plan to Vacation During Covid-19 article, we reported that nearly half of Americans have taken or plan to...
No Change as IRS Finally Clarifies COVID-19 Disaster Relief for 1031 Exchanges
IRS Declines to Grant Further Pandemic Extensions to §1031 Taxpayers As you may know, the IRS extended certain 1031 deadlines to July 15, 2020 in consideration of the difficulties that taxpayers were experiencing due to the pandemic. Though the extensions expired on...
How Americans Plan to Vacation During Covid-19
Referenced in: 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...
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