Nicole Valdez
Washington

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Nicole Valdez

Vice President

11900 NE 1st St., Suite 110
Bellevue, WA 98005

Cell: (425) 582-3487
Work Email: nicole.valdez@ipx1031.com

IPX1031 Northwest Regional Office

11900 NE 1st St., Suite 110
Bellevue, WA 98005

Phone: (425) 471-6144
Toll-Free: (888) 310-1031

CLICK HERE TO START AN EXCHANGE WITH NICOLE VALDEZ
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Washington state law, RCW 19.310.040, requires an exchange facilitator to either maintain a fidelity bond in an amount of not less than one million dollars that protects clients against losses caused by criminal acts of the exchange facilitator, or to hold all client funds in a qualified escrow account or qualified trust that requires your consent for withdrawals. All exchange funds must be deposited in a separately identified account using your taxpayer identification number. You must receive written notification of how your exchange funds have been deposited. Your exchange facilitator is required to provide you with written directions of how to independently verify the deposit of the exchange funds. Exchange facilitation services are not regulated by any agency of the state of Washington or of the United States government. It is your responsibility to determine that your exchange funds will be held in a safe manner.

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1031 Resources & Information

Key 1031 Info

 

 

Does Washington have any special 1031 Exchange rules or regulations?

Washington is the only state where applicable state taxes (real estate excise tax in WA) is NOT deferred. Only federal taxes are deferred, including capital gains, the Net Investment Income Tax, and unrecognized gain due to depreciation. Also, Washington state law, RCW 19.310.040, requires an exchange facilitator to either maintain a fidelity bond in an amount of not less than one million dollars that protects clients against losses caused by criminal acts of the exchange facilitator, or to hold all client funds in a qualified escrow account or qualified trust that requires your consent for withdrawals. All exchange funds must be deposited in a separately identified account using your taxpayer identification number. You must receive written notification of how your exchange funds have been deposited. Your exchange facilitator is required to provide you with written directions of how to independently verify the deposit of the exchange funds. Exchange facilitation services are not regulated by any agency of the state of Washington or of the United States government. It is your responsibility to determine that your exchange funds will be held in a safe manner.

How do I know if a 1031 Tax Deferred Exchange is right for me?

A 1031 Exchange makes sense for investors that are looking to defer the federal taxes on the sale of their investment property. There are many other reasons exchangers utilize a 1031 Exchange, including consolidating properties, diversifying, and starting a new depreciation schedule. Ultimately, we encourage clients to discuss tax liability and exchange planning with their CPA/tax advisor.

What are the benefits of doing an exchange?

Section 1031 is one of the best wealth building tools in the Internal Revenue Code. A 1031 Exchange allows a real estate investor to exchange existing investment property for new investment property, deferring all federal capital gain and depreciation recapture taxes. Investors can use all the equity, not just after-tax equity to reinvest into something that better meets their goals.

When do I get my money back if I cannot identify Replacement Property?

According to Treasury Regulation §1.1031(k)-1(g)(6), clients can only receive funds back either after the 45 day ID period has expired with no identification, they’ve closed on all identified properties (after the 45 day ID period has expired), or after the 180 day exchange period is complete (if there were identified properties that were not closed on by the exchanger).

Where can I do a 1031 Exchange? Can I buy out of state?

Section 1031 of the Internal Revenue Code is a federal provision. Accordingly, investors may exchange between all 50 states, Washington D.C. and certain US territories. US investors can NOT exchange US properties for foreign properties, however US taxpayers with foreign investment properties are allowed to exchange for other foreign investment properties.
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Nicole Valdez & IPX1031 are a winning combination.

See how we’re different and why.

With an office near Seattle, 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, Nicole Valdez offers you customized solutions to defer capital gains tax and maximize equity in your 1031 like kind investment property.

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Full Service Qualified Intermediary

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Superior Customer Service

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Owned by Fidelity National Financial (NYSE: FNF)

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$100M Fidelity Bond & $30M E&O Insurance

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$50M Written Performance Guaranty

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Attorneys & Certified Exchange Specialists (CES®)

Why a 1031 is right for me or for my client

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deferring taxes (up to 35 to 40% of the gain)

 
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greater purchasing power

 
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improved cash flow

 
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portfolio diversification

 
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portfolio consolidation

 
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greater appreciation potential

 
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freedom from joint ownership

 
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estate planning for heirs

 

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