Video Transcript
Today I’m going to discuss the requirements the state of Nevada has when you’re doing a 1031 Tax Deferred Exchange.
It’s important to note that even though 1031 industry is unregulated at the federal level, the state of Nevada by law requires Qualified Intermediaries to hold our clients funds in a qualified escrow or qualified trust account.
So when planning your 1031 Exchange, it’s important to select a company that meets these requirements, like IPX1031. Ensuring your funds are protected between the time you sell and buy property is our utmost importance.
One of the best things about working with IPX1031 is that as a wholly owned subsidiary of Fidelity National Financial (NYSE: FNF), we are backed by the world’s largest title insurance issuer. This means we’re second to none when it comes to financial strength, security, and protecting your money. Please don’t hesitate to reach out if you have any questions or I can be a resource with regard to 1031s. Thank you.
Understanding the Nevada 1031 Exchange Process
If you have any questions about the Nevada 1031 Exchange process or any other 1031 Exchange topics, please visit our Nevada IPX 1031 web page at www.ipx1031.com/nevada. We’re happy to help.
Click to visit Nevada 1031 Exchange page