Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

60
Posts
29
Votes
Edward Burke
  • Rental Property Investor
  • San Diego, CA
29
Votes |
60
Posts

California Clawback - 1031 Exchange Out of State

Edward Burke
  • Rental Property Investor
  • San Diego, CA
Posted

I have property in California that I will be selling this year, and will be re-investing the funds outside the state of California via a 1031 exchange (Investing in St. Louis, Missouri).  I understand that California will claw-back the gain should you subsequently complete a final sale (without performing another 1031 exchange).  This results in double taxation as you will pay taxes in both states.  Having said that, I believe that the benefits still outweigh the risks for me.  

As such, I want to understand how burdensome the annual information return required by California is.  Anyone have experience with this?  

Anything else I should consider?

I will also need a reliable intermediary, and I am happy to take recommendations.  

Thanks!

Loading replies...