Exchanging Thoughts

Non-Resident Withholding in a 1031 Exchange

Posted by Margo McDonnell on Fri, Jul 27, 2012

Section 1031 tax-deferrals are allowed as part of the federal tax code. On the state income tax front, it varies from state to state. Most states follow the federal code, have a state version of 1031 or simply have no state income tax. Pennsylvania is the only state that typically does not recognize a 1031 exchange. (We can complain about that in another post!)  

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Topics: 1031 Exchange, 1031 non-resident withholding tax, NJ non-resident withholding