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Updated over 6 years ago on . Most recent reply
1031 Exchange across states
Hi BP,
Just wondering about this quick question. I hope to learn more about the 1031 exchange and was wondering if it is possible to sell a property in CA, apply for the 1031 exchange to buy a property in another state. Is this allow? The following document sound like it is possible for most states.
https://www.1031corp.com/1031-exchange-resources/1...
KH
Most Popular Reply
Pennsylvania requires 1031 exchange participants to pay PA state taxes. I believe they may be the only one that requires payment at close. California tracks exchanges, so if you sell and don't exchange, you would be obligated to pay CA tax. @Dave Foster is this correct?
Mark