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Is deferral under IRC 1031 only for capital gains?

capital gains deferral IRC
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Is deferral under IRC 1031 only for capital gains?

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No. Section 1031 applies to capital gains taxes (15%), depreciation recapture (25%), and state income taxes. Long-term capital gains taxes apply to property held over 1 year. Gains from property held less than a year are typically taxed as ordinary income.

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