Like Kind Exchange Rules 2024 New York

Like Kind Exchange Rules 2024 New York. A new york tax attorney discusses various new york 1031 like kind exchange issues that new yorkers need to be made aware of. If the new property you purchase costs less than the property sold, the “boot” will be subject to capital gains tax.

If the new property you purchase costs less than the property sold, the “boot” will be subject to capital gains tax. As an investor, you’ll want to familiarize yourself with these 1031 exchange requirements: