When it comes to conducting a 1031 exchange, the process and rules are generally consistent across the United States, including Idaho. The uniqueness doesn't necessarily come from differing laws or regulations specific to Idaho, as the federal Internal Revenue Code (IRC) Section 1031 applies uniformly across all states. However, the unique aspect might lie in the local real estate market conditions and investment opportunities specific to Idaho.
The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent).
Bracket levels adjusted for inflation each year. Release dates for tax bracket inflation adjustments vary by state and may fall after the end of the applicable tax year. Deduction or exemption tied to federal tax system. Federal deductions and exemptions are indexed for inflation.
