It is not only the capital gains tax that the taxpayer will be deferring payment on when transacting a Section 1031 exchange; it’s also the additional depreciation recapture tax on the relinquished property, as well as any State income taxes if any. |
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It is not only the capital gains tax that the taxpayer will be deferring payment on when transacting a Section 1031 exchange; it’s also the additional depreciation recapture tax on the relinquished property, as well as any State income taxes if any. |
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