IPX1031 Insight Blog
Replacement Property identification is important in 1031 Tax Deferred exchanges. If an exchange fails, it’s often because of deficiencies or discrepancies in the identification of Replacement Properties. Take a few minutes to make sure you and your client understand how to properly ID your Real Estate Exchange Properties.
To ensure a successful exchange, the exchanger should be aware of these two common 1031 Exchange pitfalls.
Although we are very experienced in facilitating 1031 Exchanges, IPX1031 cannot provide you with tax, legal or financial advice.
Before the Relinquished Property transfers in a 1031 Exchange, the executed exchange documents should be sent to IPX1031. At closing, the exchange proceeds are wire transferred to IPX1031, and the clock starts for the Exchanger’s 180-day exchange and 45-day identification periods.
For a successful 1031 Exchange, the taxpayer must comply with the 1031 regulations. It is important to remember that IPX1031 is here to help every Exchanger and Advisor through the entire Tax Deferred Exchange process.
The Reverse Exchange is becoming more and more popular because it offers the exchanger additional flexibility. Watch this quick video tutorial to learn if a Reverse Tax Deferred 1031 Exchange is right for you.
Replacement Property identification is important in 1031 Tax Deferred Exchanges. If an exchange fails, it’s often because of deficiencies or discrepancies in the identification of Replacement Properties. Take a few minutes to make sure you understand how to properly ID your Real Estate Exchange properties.
