CHICAGO, July 24,
2024 /PRNewswire/ -- Investment Property Exchange
Services, Inc. (IPX1031), the leading national provider of 1031
Exchange services, has released their yearly Top Misconceptions
about 1031 Exchanges.
The rules and regulations governing 1031 tax-deferred
transactions sometimes give rise to myths and misunderstandings. By
addressing these misconceptions, IPX1031 aims to educate both new
and experienced investors about the nuances of using a 1031
Exchange effectively.
"We are excited to announce the Top Misconceptions for 2024,"
said Scott Nathanson, Executive Vice
President at IPX1031. "Our priority is to offer current insights
into 1031 Exchanges so that investors and their advisors can make
well-informed strategic choices all while adhering to IRC 1031
regulations. Our objective is for every exchanger to have the
information needed to achieve complete tax deferral using a 1031
Exchange."
The top 10 misconceptions for 2024 are:
- Reinvesting Rules
- Replacing Debt
- Vacation Home Qualification
- Partnerships
- Related Parties
- Exchange Funds
- Tax Deferral
- Holding Periods
- ID Deadlines & Timing Rules
- Reverse Exchanges
For a thorough examination of these common misunderstandings,
read the full article at
www.ipx1031.com/top-1031-misconceptions-2024/
To create its annual list, IPX1031 gathers information from
surveys sent to CPAs, attorneys, and real estate brokers, in
addition to inquiries received from investors throughout the
year.
About IPX1031: Investment Property Exchange Services, Inc.
(IPX1031) is the largest and one of the oldest Qualified
Intermediaries in the United
States. As a wholly owned subsidiary of Fidelity National
Financial (NYSE: FNF), a Fortune 500 company, IPX1031 provides
industry leading security for exchange funds as well as expertise
and experience in facilitating all types of 1031 Exchanges.
IPX1031's nationwide staff, which includes industry experts,
veteran attorneys and accountants, is available to provide answers
and guidance to clients and their legal and tax advisors. For more
information about IPX1031 visit www.ipx1031.com.
Contact:
Cindi Marinez, VP, Marketing
cindi.marinez@ipx1031.com
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SOURCE IPX1031