1031 Exchange and Capital Gains

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Name:Steven Hickox
Location:Denver, Colorado, United States

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Tuesday, October 11, 2005

1031 Exchange and NY State income taxes

I would like to know if NYS permits deferred state tax under a l031, and if not, what is the NY capitol gain rate?
 
Most States, including NY, have tax laws that grant deferral of State income tax along with federal income tax when the taxpayer completes a 1031x.  

Steve Hickox
Attorney / President

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posted by Steven Hickox | 9:43 AM