As property values continue to climb in Jackson Hole, thoughtful planning becomes essential—especially when it comes to minimizing tax exposure and maximizing long-term buying power. That’s why I sat down with Nancy Hughes of IPX 1031, one of the foremost experts in tax-deferred exchanges, to break down what every homeowner and investor in our valley should know.

In this conversation, we walk through the fundamentals of a 1031 tax-deferred exchange—what it is, who it benefits, and how it can dramatically increase your ability to reposition your real estate portfolio without taking a heavy capital-gains hit. Whether you currently own an investment condo in Teton Village, a long-held mixed-use property in The Aspens, or you're thinking about selling a primary home and transitioning into an income-producing property elsewhere, you may have more options than you realize.

Nancy and I discuss real-world scenarios I see every day in Jackson:
• Trading into higher-performing investments
• Consolidating multiple rentals into one low-maintenance property
• Using portions of a mixed-use property for a 1031
• Relocating or downsizing while preserving equity
• Leveraging the two-year rental rule to convert a primary residence into an exchange-eligible property
• Combining the $500,000 primary residence exclusion with a 1031 for maximum benefit
• Avoiding common misconceptions—especially around LLC ownership and family partnerships

The biggest takeaway? Planning ahead is everything. With enough foresight—and the right experts involved—you can unlock strategies that protect your hard-earned equity, expand your investment flexibility, and create long-term opportunities for you or your family.

If you’re even considering selling a property, upgrading, relocating, or building a broader investment strategy, this video is a must-watch. When it comes to 1031 exchanges, the earlier we talk, the more options you have.

Watch the full conversation below and let’s explore whether a 1031 exchange is the right fit for your next move.