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Recent Development

Recent Development

Pennsylvania Finally Allows Residents To Take Advantage Of Section 1031 Exchanges

Posted on February 5, 2023 By: Jerry Feeney

Every state in the union – other than Pennsylvania – conformed its tax code to the IRS code to permit residents to take advantage of tax-deferred exchanges under state tax law.  Now, finally, Pennsylvania has changed its law to recognize tax-deferred exchanges that comply with federal law. Previously, Pennsylvania residents deferring gains under federal law

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What People Are Saying

Brent Lake

“I just completed my 1031 with properties from different states and different than the state where I reside. I’m very satisfied with the service I received. I would highly recommend e1031xchange to anyone engaging in this kind of transaction.”

Sharad Jain

“I sold one of my rental property and needed to perform 1031 exchange. e1031xchange did a fantastic job from start to finish. The closing process can be messy but they did a good job communicating with me, seller attorney, settlement agent. Whenever there was a doc missing or sign missing, they were quick to respond. After the closing, the company acknowledged receiving funds and gave proper direction on how to perform purchase of next property. The disbursement of funds was also painless and yet fully secure with their protocol to call to confirm wire information. Very satisfied.”

Lu Peter

“This is the best 1031 exchange services I have ever received, professional, highly responsible and responsive. Their service is superb, and the fee is wonderful. All my closing agent, attorney, and title company like to work withy them too! I would recommend it to everyone who want the best trustworthy 1031 Exchange service! I am very lucky!”