North Carolina S795 modifies the taxation of gains from 1031 exchanges.
North Carolina S795 modifies the taxation of gains from 1031 exchanges by allowing a deduction for non-like-kind property received in the exchange, up to the taxpayer's basis in the property sold. This change applies to taxable years beginning on or after January 1, 2026.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.