1031 exchange:
Property Taxes

Hi

I am just getting familiar with 1031s. Are local Real Estate taxes deferred as well?

Thanks,
E.

Dear E: Section 1031 deals with the deferral of income tax. Generally both Federal and State income tax is deferred. Local property taxes are not deferred. Please let us know if we can be of help to you.

Sincerely,
Steve Hickox
Attorney / President

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