Missouri 1031 Exchange – What Are the Requirements for a 1031 Exchange in MO?

Hi. This is Greg Smith with IPX1031,

and I’m pleased to let you know that when conducting a 1031 exchange with a property that you’re selling in the state of Missouri, there are no additional state specific requirements added by the state. You can defer your state taxes right along with deferring the federal taxes. Since 1031 is a section of the federal tax code, it is applicable to all 50 states. So if you’re a customer that’s interested in selling a piece of real estate in Missouri, whether you wanna buy again in Missouri or another state, you’re perfectly fine doing that through a 1031 exchange.

If you don’t use an exchange, Missouri will add on a four point nine five percent tax onto the already brutal federal taxes. Now as a reminder, when conducting an exchange, it’s important to select a qualified intermediary like IPX to protect your funds between the sell and the buy. One of the best things about working with IPX is that we’re owned and backed by the largest provider of title insurance services in the 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.

For more information, please go to our website and thank you for your time today.

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