Connecticut 1031 Exchange – What Are the Requirements for a 1031 Exchange in CT?

Hi. Patty Flowers with IPX1031 exchange. And today I’ll be speaking on 1031 one exchanges in Connecticut.

I’m happy to let you know that when conducting a 1031 exchange with property in Connecticut, there are no state specific regulations that you need to be concerned with.

Section 1031 is a federal tax code which means you can complete an exchange to defer the capital gains taxes of property anywhere in the United States.

So if you’re thinking of selling or buying in the state of Connecticut, you’re free to do so without any restriction.

The good news is that IPX does business in all fifty states. We know the nuances of each state and can make suggestions to guide you and your advisors through the process.

A reminder when exchanging it is so important to select a qualified intermediary to protect your funds while being held in between the sale and the purchase closings.

One of the best reasons to work with IPX is that we are owned and backed by the largest provider of title services in the world.

So when it comes to protecting your funds, you know that IPX has the best financial strength, security and safe controls for your money.

The bottom line is that IPX will give you comfort and help you rest easy in a very unregulated industry.

If you have any questions about this or any other ten thirty one exchange topic or the process itself, feel free to visit our website or contact me directly. I’m happy to help. Thank you.

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