Can I take advantage of a 1031 Exchange if I want to acquire a replacement property in a different state than the relinquished property is located?
Exchanging property across state borders is a very common thing for investors to do. In fact, a great number of our clients do exactly that. It is important to recognize that the tax treatment of interstate exchanges vary with each state and it is important to review the tax policy for the states in question as part of the decision-making process.
Related Questions
- Can I take advantage of a 1031 Exchange if I want to acquire a replacement property in a different state than the relinquished property is located?
- Can a taxpayer purchase the replacement property in a different name/entity than the entity which owned the Relinquished Property?
- The property is located in a different state. Which states deed should be used?
