When it comes to conducting a 1031 exchange in Oregon, there aren't many unique rules that differ significantly from the general federal guidelines set by the IRS under Section 1031 of the Internal Revenue Code. Oregon's state taxes follows the federal treatment for 1031 exchanges, meaning that if your exchange qualifies for deferral under federal rules, it will also qualify at the state level. However, it's important to keep in mind that Oregon does have a state income tax. This means that while you may defer federal taxes on the gain, you should consider the impact of state taxes.
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).
Release dates for tax bracket inflation adjustments vary by state and may fall after the end of the applicable tax year. Oregon allows a deduction for your total federal tax liability from your federal return after adjusting for certain federal tax credits. Standard deduction or personal exemption is structured as a tax credit. The personal exemption credit is not allowed if federal AGI exceeds $100,000 for single filers or $200,000 for MFJ.
Equity Advantage, Incorporated, founded in 1991 by David and Tom Moore, is a 1031 Exchange firm based in Oregon. The founders, who were commercial real estate investors, started the company after identifying a lack of adequate 1031 facilitation resources in the Pacific Northwest. Equity Advantage differentiates itself by offering in-depth consultations with clients before each transaction to tailor solutions to unique property transactions, rather than just handling paperwork and funds. The company emphasizes a work culture based on knowledge, competence, integrity, and passion, aiming to exceed client expectations. The team, led by David and Thomas Moore, focuses on consulting with clients to maximize the potential of each 1031 Exchange and protect investment equity. Equity Advantage also engages in community support through sponsorships of various local organizations.
Company Name: Ten Thirty One LLCHeadquarters: OregonDescription: Ten Thirty One LLC provides comprehensive services for real estate 1031 exchanges. Their offerings include preparing necessary exchange documents, eliminating the risk of constructive receipt for the Exchangor, coordinating with escrow companies, Realtors, and tax or legal advisors, and reviewing all closing documents related to the tax-deferred exchange. They assist in identifying replacement properties, manage and disburse exchange funds, and ensure the security of these funds through FDIC and Qualified Escrow Accounts. Additionally, they offer Errors and Omission insurance, and provide clients with final documents along with a full summary and final accounting. Ten Thirty One LLC is a member of the Federation of Exchange Accommodators.
Cascade Exchange Services, Inc., headquartered in Oregon, is part of the Cascade Title family of companies, which has been operating since 1950. The company is deeply rooted in the local community and emphasizes long-term relationships with its clients. Cascade Exchange Services, Inc. is described as local, professional, and customer-service oriented. It offers a range of services including title insurance, escrow, 1031 exchanges, and private party loan facilitation. The company makes decisions and utilizes resources locally, positioning itself as a full-service partner for real estate transactions.
