Let’s talk about ten thirty one exchanges in the state of Oklahoma.
I’m pleased to let you know that when conducting a 1031 exchange with the 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, 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. So when it comes to financial strength, security of funds and protecting your money in this completely unregulated industry.
IPX is absolutely second to none in the business.
If you have any questions about this or any other 1031 exchange topic, please visit our IPX website. IPX1031.com, or contact me directly. I’m happy to help. Thank you
