Pennsylvania to Recognize 1031 Exchange Tax Deferral Beginning January 1, 2023
The state of Pennsylvania has been the only state where the personal income tax provision regarding Section 1031 did not conform the federal Internal Revenue Code Section 1031. In the past, this meant taxpayers could defer capital gain taxes at the federal level but not on Pennsylvania state income taxes. On July 11, 2022, Governor Tom Wolf signed HB 1342. Beginning January 1, 2023, Pennsylvania state treatment of 1031 exchange will conform to federal internal revenue code and taxpayers who complete 1031 exchanges be eligible for 1031 exchange tax deferral of both federal and state taxes.
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Tuesday, July 26th
11:00 AM - 12:00 PM EST
CPE Credit Available
This one-hour intermediate/advanced webinar provides a concise and thorough overview of 1031 exchanges for accountants, CPAs, and tax advisors. This webinar covers critical time deadlines, like-kind requirements, fractional ownership, oil/gas/mineral rights, related party transactions, partnership/LLC scenarios, reverse and improvement exchanges, and how to avoid common pitfalls.
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Friday, September 16th
12:00 PM - 2:00 PM CT
CLE/CPE Available This two-hour course for commercial brokers provides a concise and thorough overview of IRC Section 1031 tax-deferred exchanges. This webinar tackles advanced issues such as partnership/LLC scenarios, creative property variations such as perpetual cellular easements (cell towers), fractional ownership, transferable development rights, reverse and improvement exchanges, how to avoid common pitfalls and related-party transactions.
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We Love Our Happy Customers
One phone call and they took care of everything, no questions – no problems.
- Douglas B., Texas
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Call Us
Asset Preservation would appreciate the opportunity to work with you on your next 1031 exchange. Give us a call for a free consultation.
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Step Transaction Doctrine
The step transaction doctrine is a common law principle and is part of the general tax concept that substance should control over form. In using this doctrine, a series of separate transactions is recharacterized as a single transaction for tax purposes. The doctrine is applied to prevent tax abuse; and is often used in combination with other doctrines such as the business purpose doctrine (Gregory v. Helvering, 293 U.S. 465 (1935)). The step transaction doctrine applies in cases when a taxpayer wants to…
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Get Real Podcast: Ways To Defer Taxes and Get Better Returns
Scott Saunders, Sr. Vice President of Asset Preservation, joins the Get Real (Estate) podcast to discuss the best ways to tailor your 1031 exchanges and how you should be handling them.
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Dino Champagne
VP/Division Manager
310.508.7367
dino@apiexchange.com |
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Asset Preservation, Inc., does not give tax or legal advice. The information contained herein should not be relied upon as a substitute for tax or legal advice obtained from a competent tax and/or legal advisor. You have received this email because you have subscribed to Asset Preservation, Inc. as . If you no longer wish to receive emails please unsubscribe. Asset Preservation, Inc. (API) is a qualified intermediary under the federal 1031 exchange regulations. API (and its officers, directors, and employees) cannot provide tax or legal advice to anyone. Any tax-related information or other communication received from a representative of API is not tax or legal advice and should not be relied upon in making any decision. We strongly urge you to involve your tax and/or legal advisor (or to seek such advice) in any real estate, tax or business-related transaction. You can also notify us by reply to this message, call us toll-free at 866.713.1031, email us at: e-newz@apiexchange-enewz.com or notify us in writing to: Asset Preservation, Inc., 1420 Rocky Ridge Drive, Suite 100, Roseville, CA 95661, Attn: Marketing Dept. © 2025 Stewart Information Services Corporation | All Rights Reserved | Privacy |
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