The property you sell and the replacement property you purchange must meet certain requirements to qualify for a 1031 Exchange. 1031 exchanges allow Arizona investors to defer capital gains with a like-kind replacement property.1031 Exchange Rules for Arizona. Visit our library of important 1031 exchange forms. The pros at Equity Advantage have provided everything you need in easily downloadable PDF files. Unlike some other states, Arizona does not have statespecific 1031 exchange rules, but of course, the federal rules apply.