Step 1: Logical expression equivalency.
Using logical equivalencies, \( \neg (p \iff q) \) is equivalent to \( (p \vee q) \land (\neg p \vee \neg q) \).
Step 2: Conclusion.
The correct equivalence is \( (p \vee q) \land (\neg p \vee \neg q) \), corresponding to option (2).