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Updated over 7 years ago,
1031 Exchange Out Of California (Clawback Laws)
Hi,
I was wondering if anyone can tell me about their experiences moving money from California to another state via 1031 Exchange. I understand there were some clawback laws passed a few years back, so you eventually have to pay CA taxes plus reporting requirements.
Anyone done it? What do investors have to be aware of before considering moving their capital from the state? Is it a hassle? Any advice would be appreciated!