Video: What is a Community Property State?

In response to the destruction caused by severe storms, straight-line winds, tornadoes and flooding, the IRS has announced extended tax relief for impacted Taxpayers within the entire states of Tennessee of Arkansas. The below is a summary of the specific tax relief in relation to 1031 Exchanges.

We often get questions about spouses, how the title of property is held and their affect on a 1031 exchange. Learn what a community property state is and what it means for your 1031 exchange in this video.