Video Transcript
Let’s talk about 1031 Exchanges in the state of Oklahoma. I’m pleased to let you know that when conducting a 1031 Exchange with a property that you’re selling in the state of Oklahoma, there are no state specific requirements. Since 1031 is a section of the federal tax code, it is applicable to all fifty United States. So if you are a customer that’s interested in selling a piece of real estate in Oklahoma, and want to buy real estate in Oklahoma or any of the other 49 states, DC, Guam, Northern Mariana Islands or the US Virgin Islands, you’re perfectly fine doing that through a 1031 Exchange.
Now, as a reminder, when conducting an exchange, it’s really important to select a Qualified Intermediary like IPX1031 to protect your funds in between the time that you sell property and go out and buy property. One of the best things about working with IPX1031 is that we are owned and back by the largest provider of title insurance services in the entire world (NYSE: FNF). So when it comes to financial strength, security of funds and protecting your money in this completely unregulated industry, IPX1031 is absolutely second to none in the business.
Understanding the Oklahoma 1031 Exchange Process
If you have any questions about the Oklahoma 1031 Exchange Process or any other 1031 Exchange topics, please visit our Oklahoma IPX 1031 web page at www.ipx1031.com/oklahoma. We’re happy to help.
Click to visit Oklahoma 1031 Exchange page