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Iowa

Qualified Intermediaries

Iowa 1031 Exchanges

Iowa doesn't have any specific laws or regulations when compared to other states in the U.S. The federal rules and principles governing 1031 exchanges across all states are applicable for Iowa as well.

Iowa State Tax Information

Iowa allows taxpayers to deduct federal income taxes from their state taxable income. The Combined Rate accounts for Federal, State and Local tax rates on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent).

Iowa allows for a deduction of all federal taxes actually paid in cash during the year. The deduction is equal to federal taxes withheld from paychecks during the year, plus any estimated payments made during the year, plus any federal taxes paid with the taxpayer's tax return during the year. Note that this means the taxpayer would be deducting taxes paid with prior year federal return since that return would have been filed during the current calendar year. Iowa allows for a Tax Credit instead of a deduction for taxes paid in other states.

State Rate

6.00%

Local Rate

0.22%

Combined Rate

31.00%

Deductions

None

1031 Exchange Providers in Iowa

Starker Services, Inc.
deferred.com
Verified

Los Gatos, CA

Starker Services Incorporated is the nation's oldest, largest, and most experienced independent qualified Intermediary firm, successfully completing thousands of exchanges each year. Formed following the landmark Starker tax court decision, our sole function is to provide a staff of highly trained professionals available to discuss exchange strategies and prepare accurate documentation supporting all forms of tax deferred exchanges. Every major real estate firm has used Starker to counsel their clients in the strategies which may be available on the sale of real or personal property.
DJF Exchange, Inc.
deferred.com
Verified

Davenport, IA

DJF Exchange, Inc., headquartered in Iowa, was founded in 2001 by David J. Franks, who serves as the President and general counsel. David J. Franks is a licensed attorney in Iowa and Illinois, specializing in real estate, estate planning, and business. He has over 30 years of legal experience and a background in Agricultural Economics and Financing. The company focuses on performing various types of 1031 exchanges, including simultaneous, deferred, reverse, and construction exchanges, with a special emphasis on farmland.Andrew G. Thompson, the Vice President and exchange officer, joined the company in 2016. He is an active member of the Federation of Exchange Accommodators and has experience in handling all types of 1031 exchanges. Andrew has a BS in Biology and a MS in Business Analytics, providing him with a unique perspective in assisting clients.Both leaders are well-versed in 1031 exchange regulations and offer comprehensive guidance throughout the exchange process.
Iowa Property Exchange, LLC
deferred.com
Verified

West Des Moines, IA

Iowa Property Exchange, LLC (IPE 1031), based in Iowa, has been a prominent independent qualified intermediary since 2003, managing billions in exchange transaction dollars. The company specializes in assisting with the planning and structuring of exchange transactions, providing detailed and customized documentation to ensure compliance with IRS regulations, and holding sale proceeds in trust as mandated by Section 1031. IPE 1031 serves as a comprehensive resource for taxpayers and their advisors regarding exchanges.IPE 1031 is an active member of the Federation of Exchange Accommodators (FEA), the sole trade organization and governing body of the qualified intermediary industry, which focuses on promoting client security, integrity, and professionalism. The principal of IPE 1031 has notably served nine years on the FEA’s Board of Directors, including as Chair of the Ethics Committee, and has been a past President of the FEA. Currently, the principal serves on the FEA’s Government Affairs Committee.
Black Hawk Exchange, Inc.
deferred.com
Verified

Waterloo, IA

Black Hawk Exchange, Inc., based in Iowa, was established in 2004 by Barb Mostek, who serves as its president. Barb brings nearly two decades of experience in managing 1031 tax deferred exchanges, having handled over 800 exchanges since the company's inception. The company emphasizes rapid documentation turnaround, personal and convenient service, timely reminders of critical due dates, and competitive pricing. However, it is not a member of the Federation of Exchange Accommodators.
Iowa Equity Exchange
deferred.com
Verified

West Des Moines, IA

Iowa Equity Exchange is based in Iowa and offers nationwide Qualified Intermediary services for all types of tax-deferred exchanges. The company focuses on assisting taxpayers who wish to defer capital gain taxes on properties used for investment or business purposes. They emphasize integrity in their actions, precision in documentation, and security for client funds. However, they are not a member of the Federation of Exchange Accommodators.
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