Ohio conforms to federal Section 1031, so a properly structured like-kind exchange defers both your federal and Ohio capital-gains tax. Ohio generally taxes capital gains as ordinary income at rates up to 3.5%.
Yes. Ohio conforms to federal Section 1031, so a properly structured like-kind exchange defers both your federal and Ohio capital-gains tax. You still must use a Qualified Intermediary, identify replacement property within 45 days, and close within 180 days.
Ohio taxes capital gains as ordinary income, with a top marginal rate of about 3.5%. A 1031 exchange defers this state tax along with the federal tax.
No. Ohio does not impose a 1031 exchange clawback, so it does not separately track deferred gain on out-of-state replacement property.
Nonresident seller withholding may apply at closing.
DeferAlly guides you through a compliant 1031 exchange with $0 in platform fees. Start free and let our AI ally handle the 45- and 180-day clock.
Disclaimer: This page is general education, not tax or legal advice, and reflects commonly-cited 2025 rules. Confirm current rates and requirements with a qualified tax advisor and a Qualified Intermediary before acting.