IPX1031® Insight Blog
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...
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...
Personal Property and Depreciation Recapture
updated May 2020 Personal property exchanges were eliminated with the Tax Cut and Jobs Act that 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. Most taxpayers are...
1031 Exchange Trends for 2016
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 2017 1031 Trends...
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
updated May 2020 Be sure to read Tax Straddling – Pay Taxes in 2020 or 2021? 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...
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-Kind2. Sell One, Buy One3. Reinvest Everything4. Replacing Debt5. Exchange a Vacation Home The Term Like-Kind“I am selling an office...
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...
Tax Straddling for 2016
updated October 2020 Be sure to read Tax Straddling – Pay Taxes in 2021 or 2022? Trick or treat time? A treat might exist for those taxpayers who initiate a 1031 tax-deferred exchange towards the end of 2015 only to find that their exchange fails in 2016 or they...
Key Refresher for 1031 Exchanges
With the new school year starting, timing is perfect for a 1031 Exchange refresher! 1031 Exchanges are once again an important strategic investment tool for many investors and businesses as the real estate investment market’s momentum continues to escalate. Following...
Cosenza on 1031s: ‘What Are the Feds Thinking?’
by John Salustri GlobeSt.com September 17, 2015 “A loss of like-kind touches everyone who touches real estate,” says Joe Consenza, vice chairman of the Inland Real Estate Group in this GlobeSt.com interview. In preparation for CCIM’s upcoming conference, CCIM Thrive,...
1031 Exchange Refreshers
updated June 2020 Be sure to read Back-to-School Prep: Top 1031 Exchange Refreshers With the new school year starting, timing is perfect for a 1031 Exchange refresher! 1031 Exchanges are once again an important strategic investment tool for many investors and...
1031 Tax Reform Update – August 2015
1031 Tax Reform Update – August 2015 The August Recess is here, and with Congress on vacation, things are quieting down in Washington, DC. Although it appears that comprehensive tax reform will be taken up by the next Congress and Administration in 2017, there...
Section 1031 Exchanges are Important to a Healthy Economy
by rliland, Contributor James Miller, Assistant General Counsel, IPX1031® Over the past two years there have been numerous proposals to restrict or eliminate I.R.C. §1031 tax deferred exchanges. These proposals are based on misunderstandings about §1031 and do not...
Benefits of a 1031 Exchange
Five Reasons to 1031 Exchange 5 Point Analysis for 1031 Real estate investment portfolios should be reviewed periodically. Why? Because as the real estate market changes, new opportunities become available and financial objectives shift. Depending on your...
Second Impact Study Finds Section 1031 is Fundamental to Real Estate and US Economic Growth
1031 Tax Reform Update – July 2015 Section 1031 matters. In fact, like-kind exchanges matter a lot. The second of two important economic impact studies, along with results of a large scale real estate industry survey, were released last week, quantifying the...
Results of EY Study Resonate with Members of Congress
1031 Tax Reform Update – June 2015 It's been almost three months since the March 17th release of the Ernst & Young Economic Impact of Repealing Like-Kind Exchange Rules study. The study provides important quantitative analysis which demonstrated that a repeal of...
Cyber Fraud – an Emerging and Worsening Threat
Take Key Steps to Combat It Simply put, cyber fraud is when credit and financial information is stolen online by a hacker and used in a criminal manner. What’s alarming is the rapid growth of detected cyber fraud incidents, as well as the financial costs associated...
Take Steps to Combat 1031 Cyber Fraud
updated May 2020 Be sure to read: 1031 Cybercrime and Are Cybercriminals Targeting Your 1031 Funds? Cyber Fraud – an Emerging and Worsening Threat Take Key Steps to Combat It Simply put, cyber fraud is when credit and financial information is stolen online by a...
IPX1031® Staff Participates in Washington, D.C, Fly-Ins to Preserve Section 1031
1031 Tax Reform Update – May 2015 During March and May, John Wunderlich and Suzanne Goldstein Baker of IPX1031® participated in multiple FEA fly-in meetings on Capitol Hill. IPX1031® has been working closely with the Federation of Exchange Accommodators (FEA), the...
Do Quick Sales Qualify for 1031 Treatment?
It's All About Intent. If a real estate investor bought a property for $475,000 and sold it a month later for $700,000, they would most likely tell you that it was a great investment. That same investor would probably tell you that good fortune struck twice if they...
Harnessing the Power of Reverse, Parking & Improvement Exchanges
Expanding the Reach of 1031s Is a 1031 Exchange in your future? Do you have an investment property to sell and are looking for a property to purchase? What would happen if you find the ideal replacement property before you can sell and close on your current property?...
Study Finds Repealing Like-Kind 1031 Exchange Rules Would Shrink GDP by $8B to $13B a Year and Hurt US Small Businesses
1031 Tax Reform Update – March 2015 March 18, 2015 IPX1031® announced that The Section 1031 Like-Kind Exchange Coalition released an economic impact study yesterday which concludes that repealing the like-kind exchange rules would slow economic growth, reduce GDP and...
Tax Reform Update – February 2015
updated May 2020 Be sure to read 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. Washington, taxes and the growing deficit are constantly in...
Ernst & Young Impact Study Results if 1031 Repealed Video
1031 Tax Reform Update – January 2015
Today, Senator Orrin Hatch, chairman of the Senate Finance Committee, announced the formation of five bipartisan Finance Committee Tax Working Groups to analyze current tax law and reform options within each group’s designated focus area. Each working group will be...
1031 Exchanges Trending Strong for 2015
updated May 2020 Be sure to read our current 1031 Exchange Trends for 2020. And read past trends 1031 Exchange Trends and Info for 2019, 1031 Exchange Updates & Impacts 2018, 1031 Exchange Trends for 2017, and 1031 Exchange Trends for 2016 Tax deferred exchanges...
1031 Tax Reform Update – December 2014
The midterm elections are now complete and the Senate, House of Representatives and White House are preparing their agendas. Since tax reform has been a popular election topic, it is probable that there will be tax reform bills introduced in February. All the recent...
1031 End of Year Reminder 2014
updated May 2020 Be sure to read Tax Straddling – Pay Taxes in 2020 or 2021? 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. 1031 End of Year...
Tax Straddling for 2015
updated October 2020 Be sure to read Tax Straddling – Pay Taxes in 2021 or 2022? Which Year to Choose? October is now in full force with waves of pink ribbons, pumpkins and scary haunted houses. However being scared is not necessary for those investors hesitant about...
1031 Tax Reform Update – October 2014
IPX1031® continues to seize opportunities to educate and clarify facts about 1031 Exchanges. Last week, IPX1031® President, John Wunderlich and General Counsel, Suzanne Goldstein Baker, attended an event in Wisconsin and listened to Rep. Paul Ryan, likely to be the...
1031 Tax Reform Update – September 2014
Congress is back to work after its month-long August recess, and upcoming November elections are now a big focus. Currently, there is talk about movement on priority legislation like corporate inversions, where a US company acquires a foreign company and moves its HQ...
Shades of Grey in 1031 Flips
Forget cooking shows, America’s newest reality show obsession is watching real estate shows such as Flip This House, Flip or Flop, and Rehab Addict. Seeing how a house is bought at a bargain price, quickly transformed and sold for large profits can be scintillating....
1031 Tax Reform Update – August 1st, 2014
IPX1031® General Counsel, Suzanne Goldstein Baker, just returned from a meeting-packed visit to Washington D.C. She and other FEA (Federation of Exchange Accommodators) Government Affairs Committee leaders spent several days last week in a dozen Hill Visits meeting...
Stay Cool This Summer with 1031s
updated June 2020 Be sure to read Strategically Buying Your Dream Vacation Home with a 1031 Exchange It’s the middle of summer and as investors dream about lazy days on the beach, a scorching hot question often asked this time of year is whether a vacation or second...
IPX1031 Launches Microsite – Say NO to Section 1031 Tax Reform
updated September 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. Your Voice Matters. Stay Informed. Talk 1031 to Congress. Discussions to...
Disaster Relief 2014 – IRS Issued Tax Relief & 1031 Extensions
updated May 2020 Disaster Relief has changed. Be sure to read the most current Disaster Relief information Rev. Proc. 2018-58 here. Disaster Relief 2014 – IRS Issued Tax Relief & 1031 Extensions Deadlines for completing a 1031 Exchange are straightforward. Once...
Washington Update – 1031 Under Attack
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. 1031 Exchanges have been an integral part of real estate’s recovery. Now the...
IPX1031 Website News
updated May 2020 It’s here! After much planning and hard work, we have officially launched our new website at www.ipx1031.com. Designed with a fresh new look and user-friendly navigation, our site has been updated with the latest about our company, services and...
Tick Tock – California Clawback
Watch out California property owners. Starting in January 2014, the tax man might come a knocking. In the past, if you have moved California investments via a 1031 Exchange out of California, from January 1, 2014 on, you will now be required to file an annual...
No Extensions for 1031s – Really?
180 is the magic number. One hundred and eighty days. If you don’t complete your 1031 Exchange within the IRS mandated time frame, it’s simple. Failed exchange. However there can be exceptions when catastrophic events such as natural disasters occur and only if the...
Deferring Taxes – Yes Please!
Taxes are a hot topic these days. If you can defer your taxes, it’s truly a no brainer. If certain conditions are met. a 1031 Exchange allows an investor to defer taxes by simply rolling profits from the sale of an investment property into another investment property...
1031 Exchanges Trends & Info for 2014
updated May 2020 Be sure to read our current 1031 Exchange Trends for 2020. And read past trends 1031 Exchange Trends and Info for 2019, 1031 Exchange Updates & Impacts 2018, 1031 Exchange Trends for 2017, 1031 Exchange Trends for 2016, and 1031 Exchanges Trending...
Fabulous Five Point Analysis
Now is a good time to review your real estate holdings investment portfolio. Do a quick five point analysis and evaluate to see if a 1031 Exchange makes sense for you. Appreciation Depreciation Cash-flow Diversification Tax deferral Five Reasons to Exchange Aug 2012...
1031 End of Year Reminder 2013
updated May 2020 Be sure to read Tax Straddling – Pay Taxes in 2020 or 2021? 1031 End of Year Reminders 2013 As we are in the midst of the holidays, there are a few key 1031 things to remember. California Clawback is effective on California properties sold on or after...
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