Core Insights - Investment Property Exchange Services, Inc. (IPX1031) has released its annual list of the Top Misconceptions about 1031 Exchanges for 2024, aiming to educate investors and their advisors on the nuances of these transactions [2][3] Misconceptions Overview - The top 10 misconceptions identified for 2024 include: 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 [2][4] Methodology - To compile the list, IPX1031 conducted surveys with CPAs, attorneys, and real estate brokers, as well as gathered inquiries from investors throughout the year [2][3] Company Background - IPX1031 is the largest and one of the oldest Qualified Intermediaries in the United States, providing security for exchange funds and expertise in facilitating 1031 Exchanges [4] - The company is a wholly owned subsidiary of Fidelity National Financial, a Fortune 500 company, and offers guidance from a nationwide staff of industry experts, veteran attorneys, and accountants [4]
IPX1031 Unveils 2024 List of 1031 Exchange Misconceptions