John Lee, Esq.
New Jersey and Pennsylvania
John Lee, Esq.
Vice President / Account Executive
2 University Plaza, Ste 206, Hackensack, NJ 07601
1700 Market St, Suite 2110, Philadelphia, PA 19103
Cell Phone: (914) 272-5404
Toll-Free: (877) 230-1031
Toll-Free Fax: (888) 310-1868
Email: john.lee@ipx1031.com
IPX1031 Northeast/Mid-Atlantic Office
Toll-Free: (877) 230-1031
Toll Free Fax: (888) 310-1868
John Lee, Esq. is a member of the New York State Bar and is admitted to practice before the Federal Southern and Eastern District courts. As a 1031 Exchange rules and 1031 regulations, expert John brings a highly specialized skill set that enables him to bring the best legal, wealth preservation through IRC Section 1031 tax deferrals and investment strategy to IPX1031 clients. John is a Qualified Real Estate Instructor for Continuing Education Courses (CEC). He also teaches Continuing Legal Education (CLE) to attorneys, which is also available to CPAs, accountants, real estate investment brokers and tax professionals. John is an accomplished attorney with over 20 years of experience in law, finance, tax, commercial real estate, estate planning, wealth management, corporate structuring, litigation and securities law. He holds a Master in Business Administration (MBA) degree with a concentration in financial planning and accounting from the Graduate School of Business at the University of Rochester. With his Juris Doctor (JD) from Cardozo School of Law and an MBA, John bridges the gap between law and finance by serving clients to maximize wealth and minimize costs. John was not only a general practitioner representing myriad clients ranging from real estate transactions to corporate structuring, but he also worked as an attorney at top international law firms and financial institutions.
IPX1031 Exchange Seminars
IPX1031 provides seminars for continuing education credits as well as custom and personalized seminars on tax deferred exchange topics for attorneys, CPAs, advisors, brokers, REALTORs, agents, escrow, investors and taxpayers. To find out about a seminar nearest you, or to schedule a seminar for your office, please contact me.
Start an Exchange with JOHN LEE
1031 Frequently Asked Questions
How do I know if a 1031 is right for me?
To determine if a 1031 Exchange is right for you, simply do the math. Determine your cost basis, gain and taxable amount. Money, money, money. Reach out to me at (914) 272-5404 for more detail.
What are the 1031 Exchange rules for New Jersey?
When selling an investment property in New Jersey, sellers/taxpayers/exchangers must comply with the NJ state withholding/bulk sales requirements. For more information:
FAQs on Gross Income Tax (GIT) Forms Required For Sale or Transfer of Real Property in New Jersey
TB-57(R) – Estimated Gross Income Tax Payment Requirements on Sales of New Jersey Real Property by Nonresidents
What are the 1031 Exchange rules for Pennsylvania?
New Pennsylvania law now recognizes 1031 state tax deferrals. As of January 1, 2023, the PA state tax of 3.07% can now be deferred. Unlike other states, when real estate was sold, PA did not permit taxpayers to defer state taxes via a 1031 Exchange – only federal taxes could be deferred. This changed when PA Governor Tom Wolf signed House Bill 1342 into law.
However, there are still local law issues, i.e., Philadelphia does not recognize IRC Section 1031 for purposes of the gross receipts portion of the BIRT.
What are the benefits of doing a Tax Deferred Exchange?
Some key benefits of doing a 1031 Exchange include:
• Reducing management burdens (no more the terrible “T”s) such as not having to be a landlord anymore (if buy DST/NNN)
• Estate planning such as leaving property to kids in stepped up basis up death
• Cash flow (restarting depreciation) to make more money
• Conversion such as converting 2nd/vacation home to rental or vice versa
How do I get started with my 1031?
Give me a call at (914) 272-5404 and I’ll talk you through the initial steps. Or click here to fill out our online form.
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John Lee, Esq. & IPX1031 are a winning combination.
See how we’re different and why.
With offices near Newark, Manhattan and Philadelphia, 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, John Lee 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.
Why a 1031 is right for me or for my client
deferring taxes (up to 35 to 40% of the gain)
greater purchasing power
improved cash flow
portfolio diversification
portfolio consolidation
greater appreciation potential
freedom from joint ownership
estate planning for heirs
What My 1031 Clients Are Saying
Professor Bradley Borden, ESQ.LL.M.MBA
Professor & Tax Partner
John is the consummate QI professional. He is conscientious and attentive, putting his clients’ needs foremost. He has a diverse and accomplished legal and business background, which gives him a deep and nuanced perspective of issues that his clients face and helps him recognize and address client issues in an efficient manner. John is well-known and well-regarded in the real estate and legal communities. His access to such resources helps him connect his clients with the person who is best suited to address his clients’ business and legal needs.
Bruce E. Puleo
SR. VP of Sales
John Lee presented a Webinar on 1031 Basics on behalf of our clients and prospective clients and the overwhelming response has been positive which has led to new opportunities for our company. John was thorough and kept the flow of the webinar moving, addressed the many questions from the participants and was engaging. If you know of anyone that is contemplating a 1031 exchange, john is the person to contact.
Jeff Wright
Broker/Owner
I have personally done a few 1031 exchanges and helped a few clients with them. While I deal with them infrequently, I have a book I can reference anytime to bring me up to speed. I thought I knew all I needed to know about 1031s. John came in as a true professional to demonstrate he knew his trade well by teaching me things I didn’t know to give me new ideas for the future, both for me and my clients. I can’t recommend John highly enough.