IPX1031 Unveils 2024 List of 1031 Exchange Misconceptions

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IPX1031, a leading provider of 1031 Exchange services and subsidiary of Fidelity National Financial (NYSE: FNF), has released its annual list of Top Misconceptions about 1031 Exchanges for 2024. The company aims to educate investors and advisors about the nuances of 1031 tax-deferred transactions, addressing common myths and misunderstandings.

The top 10 misconceptions for 2024 include topics such as reinvesting rules, replacing debt, vacation home qualification, partnerships, related parties, exchange funds, tax deferral, holding periods, ID deadlines & timing rules, and reverse exchanges. IPX1031 compiled this list based on surveys from CPAs, attorneys, real estate brokers, and investor inquiries throughout the year.

Positive

• IPX1031 is a subsidiary of Fortune 500 company Fidelity National Financial (NYSE: FNF), potentially indicating financial stability
• IPX1031 is the largest and one of the oldest Qualified Intermediaries in the United States, suggesting market leadership and experience

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• None.

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:

1. Reinvesting Rules
2. Replacing Debt
3. Vacation Home Qualification
4. Partnerships
5. Related Parties
6. Exchange Funds
7. Tax Deferral
8. Holding Periods
9. ID Deadlines & Timing Rules
10. 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

FAQ

What are the top 1031 Exchange misconceptions for 2024 according to IPX1031?

IPX1031's top 10 1031 Exchange misconceptions for 2024 include reinvesting rules, replacing debt, vacation home qualification, partnerships, related parties, exchange funds, tax deferral, holding periods, ID deadlines & timing rules, and reverse exchanges.

How does IPX1031 gather information for its annual list of 1031 Exchange misconceptions?

IPX1031 gathers information for its annual list through surveys sent to CPAs, attorneys, and real estate brokers, as well as inquiries received from investors throughout the year.

What is the relationship between IPX1031 and Fidelity National Financial (NYSE: FNF)?

IPX1031 is a wholly owned subsidiary of Fidelity National Financial (NYSE: FNF), which is a Fortune 500 company.

Where can investors find more detailed information about the 2024 1031 Exchange misconceptions?

Investors can find a thorough examination of the common 1031 Exchange misunderstandings in the full article at www.ipx1031.com/top-1031-misconceptions-2024/.