Austin, Waco, San Antonio, Lubbock, Amarillo, Midland, El Paso and West Texas
Start an Exchange with Carl Pikus
1031 Resources & Information
What Sets IPX1031 Apart from Other QIs?
Exchange pitfalls. What should I be aware of?
How long do I have to do a Tax Deferred Exchange?
1031 Exchange paperwork must be signed on or before the closing date of the Relinquished Property. Day 1 of the exchange timeline begins the day after the close of the Relinquished Property. The exchanger has 45 calendar days to identify Replacement Property(s) and the balance of 180 days to close on the property(s).
Can I purchase equipment for the farm ground I am looking to purchase?
No. Exchange funds can only be used to purchase real property.
Where can I do a 1031 Exchange? Can I buy in different states?
1031 is Federal law. It covers all US states and US territories. An exchanger can exchange into and out of any US state or territory. Our office can facilitate exchanges into and out of any state or US territory. Call today (512) 956-0908 to get started.
Are there any special 1031 Exchange rules or 1031 regulations for Texas?
No, Texas does not have any clawback or state specific 1031 Exchange rules or 1031 regulations.
How do I know if a 1031 Tax Deferred Exchange is right for me?
For the taxpayer, the purpose of 1031 is to defer the taxes on the sale of their investment property. The most important question for the potential exchanger to ask is: How much will I pay in taxes if I don’t exchange this property? To answer that question the exchanger should determine their tax bracket and then estimate the property’s cost basis, gain and possible deprecation. Ask a CPA to help as we cannot give tax advice.
Work to get a solid estimate of the tax obligation the exchanger will pay if they don’t exchange their property. If the exchanger is sickened by the estimated tax obligation to the IRS due the next April, if the exchanger recoils at the thought of writing a check to the IRS for tens of thousands of dollars, hundreds of thousands of dollars, or millions of dollars, they are now an outstanding and motivated candidate for 1031.
After the tax obligation estimate is complete, the rest comes down to executing the rules of the exchange.
• Work with IPX1031 prior to the close of the Relinquished Property and sign 1031 Exchange docs at or before close.
• Identify your Replacement Property(s) on or before day 45 of the exchange.
• Close the Replacement Property(s) on or before the 180th day.
This website describes in detail all rules and timelines needed to have a successful exchange. And I am always available to answer your 1031 questions.
What My 1031 Customers Are Saying
Carl has been a tremendous resource to our practice through the years. He knows the REIT world and 1031 space very well. Carl is a great communicator and is very helpful in understanding and navigating complex products.
Carl has been and continues to be a wealth of knowledge regarding his industry. Over the many years we have worked together I have always appreciated his willingness to assist us. He has been an invaluable colleague.
I’ve known Carl since I became a Financial Advisor in 2009. Carl has conducted several 1031/DST continuing education programs for local CPAs in past years. He has met with me on several occasions to discuss the REIT & 1031/DST programs. His knowledge & presentation skills made it easier to understand these programs & in turn enabled me to present them to my clients.
Send me more info on:
Let me know what you are looking for
Carl Pikus & IPX1031 are a winning combination.
See how we’re different and why.
With offices near Austin and San Antonio, IPX1031, the nation’s largest exchange facilitator and accommodator, provides industry leading exchange services including guidance, expertise, security and key information on 1031 Exchange rules, regulations and strategy. 1031 Exchange expert, Carl Pikus offers you customized solutions to defer capital gains tax and maximize equity in your 1031 like kind investment property.
Full Service Qualified Intermediary
Superior Customer Service
Owned by Fidelity National Financial (NYSE: FNF)
$100M Fidelity Bond & $30M E&O Insurance
$50M Written Performance Guaranty
Attorneys & Certified Exchange Specialists (CES®)
Let’s talk about your specific needs
Customized solutions for your investment and business goals.