1031 exchange state income tax
Dear 1031x: If a property is sold in a State with State income tax, but then a replacement property is purchased in a State without income tax, how does that affect a 1031 exchange?
Dear B: Almost all states defer their state income tax if you do a valid 1031 exchange even if the new property is located elsewhere. I hope you will chose us for your 1031x.
Steve Hickox
Attorney / President
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