There's nothing unique about conducting a 1031 exchange in Utah compared to other states in the U.S. The rules and processes for a 1031 exchange, as outlined in Section 1031 of the Internal Revenue Code, apply uniformly across all 50 states and remain consistent whether you're exchanging properties in Utah or elsewhere in the country.
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).
Standard deduction or personal exemption is structured as a tax credit. Utah provides a tax credit worth 6% of a $565 dependent deduction.
