Reporting for Like-kind Exchanges

(a) Notification to Commissioner of Amount of Deferral . Withholding is not generally required for Transfers that qualify under the provisions of Code § 1031 on the amount of any gain that is deferred for Massachusetts tax purposes. To avoid withholding on any gain that is deferred, the Transferor must provide the Withholding Agent with a statement on the Transferor’s Certification acknowledging the amount of gain that has been deferred and consenting to personal jurisdiction in Massachusetts for the determination and collection of taxes and related interest, penalties, and fees that will be due when the gain is realized.