IPX1031® Insight Blog
Post Tax Reform – Refresher Points for 1031 Exchanges
Tax Reform is behind us and we are happy to report that Section 1031 remains in the Tax Code. Now that investors and businesses have seen the details of the tax legislation, interest in structuring real estate transactions as 1031 tax deferred exchanges has seen great...
1031 Exchange Updates & Impacts for 2018
Be sure to read our current 1031 Exchange Trends for 2022. And read past trends 1031 Exchange Trends for 2021, 1031 Exchange Trends for 2020, 1031 Exchange Trends 2019, 1031 Exchange Trends for 2017 and 1031 Exchange Trends for 2016. 1031 Updates & Trends...
Impact of the Tax Cut and Jobs Act on Sec. 1031
The Tax Cut and Jobs Act was signed into law on December 22, 2017, and took effect on January 1, 2018. It is a complex modification to the Internal Revenue Code that will take some time to fully understand, notwithstanding that it became effective just nine days...
The Effect of the New Tax Reform Bill on Real Estate
It appears that House and Senate have reconciled the differences between their respective tax bills and a vote on the final bill may occur by the end of this week. According to the Washington based non-profit public policy organization, The Real Estate Roundtable,...
How Did 1031 Fare in Tax Reform?
To keep your holiday season merry and bright, here are key 1031 updates and reminders: How Did 1031 Fare in Tax Reform? It’s official. The tax reform bill was passed in Congress and will become law effective 2018 once signed by the President. The very good news is...
Where is Sec 1031 in the Tax Reform Bills?
Both the House and Senate versions of the proposed “Tax Cut and Jobs Act” would retain Section 1031 Like-Kind exchanges in present form, but only for real estate assets. Both would repeal Section 1031 for tangible and intangible personal property, art and...
Senate Tax Reform Bill Draft Released
The Senate released a “conceptual” draft of its Tax Reform bill last evening. Like the House bill, the Senate proposal retains Section 1031 Like-Kind exchanges, in present form, for real estate assets only. It repeals Section 1031 for tangible and intangible...
Proposed Like-Kind Exchange Limitation Raises Mismatch Concerns
By Nathan J. Richman, Nov. 7, 2017 “The limitation on like-kind exchanges proposed in the House Republicans' tax reform bill raises several mismatch questions when compared to the temporary expensing provision regarding timing and property classification, potentially...
Tax Reform Bill Draft Released Today
Today (November 2, 2017), Congress released the draft tax reform bill. The “Tax Cuts and Jobs Act” preserves a crucial benefit for real-estate investors – the ability to make tax deferred like-kind exchanges for real estate under IRC Section 1031. The bill would...
Happy 10-31?
Is 10-31’s Grim Reaper here on our most sacred day? The House’s new tax reform bill will be released November 1st and the Senate’s shortly thereafter. Tell Congress to NOT let 1031 Rest in Peace. Celebrate 10-31 Day by sending or re-sending letters. Take 60 seconds to...
Report from IPX1031 President: Comprehensive Tax Reform Bill Expected This Week
Report from IPX1031 President John Wunderlich Just Returning from DC Comprehensive Tax Reform Bill Expected This Week FY2018 Budget Resolution passes, paves way for major Republican effort Note: Since discussions regarding tax reform began, IPX1031 President John...
NO TRICK: A Treat for Unsuccessful 1031 Exchanges!
updated May 2020 Be sure to read Tax Straddling – Pay Taxes in 2020 or 2021? Tax Straddling A treat from the IRS? Taxpayers should not be spooked if they are unable to complete their 1031 Exchanges. A treat may exist for a calendar-year taxpayer who initiates a 1031...
The 1031 tax reform update: IPX1031 is working to save §1031 like-kind exchanges
New England Real Estate Journal - Front Section, September 29, 2017 by Suzanne Goldstein Baker 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...
Combination Exchanges
When a taxpayer intends to acquire multiple Replacement Properties, with some properties closing before the Relinquished Property sale and some properties closing after, both the Forward and Reverse Exchange structures can be combined to maximize the tax deferral. ...
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...
To keep investment dollars flowing, protect this incentive
A must read by Rep. Steve Stivers (R-Ohio) that appeared in The Hill on why it's crucial to preserve 1031 as tax reform moves forward. Read article here.
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...
Submissions to the House Ways & Means Committee and Senate Finance Committee
The real estate industry coalition of 22 organizations, including the FEA recently submitted statements to both the House Ways & Means Committee and Senate Finance Committee. The letters cover a host of tax reform issues, including retention of 1031. These are...
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...
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...
House Chairman Moves to End 1031 Exchanges – ACT NOW
updated May 2020 The Tax Cut and Jobs Act was signed into law on December 22, 2017, and took effect on January 1, 2018. Read about the impact the Tax Cut and Jobs Act had on Sec. 1031 here. Soon, 1031 exchanges may be eliminated under current tax reform proposals....
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
Be sure to read our current 1031 Exchange Trends for 2022. And read past trends 1031 Exchange Trends for 2021, 1031 Exchange Trends for 2020, 1031 Exchange Trends for 2019, 1031 Exchange Updates & Impacts 2018, and 1031 Exchange Trends for 2016 January 2016...
Chicago Tribune: Tax reform could knock your real estate investment plans off track
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 homes, parcels of...
Section 1031 Like Kind Exchanges: Current Threats to a Hundred Year Old Tax Tool
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...
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...
The Republican Blueprint for Tax Reform Poses Threats to Sec. 1031 and Real Estate
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...
Tax Straddling for 2016-17
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...
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...
Bloomberg BNA: Attorneys Blast Sanders’ Plan for Real Estate Tax ‘Loophole’
Bloomberg BNA recently published a commentary by Dave Franasiak and additional lawyers. • Says provisions Sanders vows to eliminate are part of current law, not means for tax avoidance • Legislation opposing like-kind exchanges one area that could make headway in 2017...
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 setting up or 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...
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...
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)...
Letter on 1031 LKE Agricultural Benefits Sent to House Ways & Means Committee
A letter in support of section 1031 LKE was sent today to House Ways & Means Committee Chairman Kevin Brady by two members of the House Agriculture Committee, Reps Gibbs (R-OH) and Rouzer (R-NC) and was joined by 17 other Congressmen & Congresswomen. The...