Video Transcript
Today I will be speaking on 1031 Exchanges in Michigan. The good news is that in the state of Michigan, there are no state specific requirements when doing a 1031 Exchange.
Section 1031 is federal tax code, which means you can complete an exchange by selling and buying investment property anywhere in the United States. This can defer up to a 100% of the capital gains taxes, state and federal, a huge tax savings, which could be upwards of 30% of the gains you made on the investment.
IPX1031 offers the highest level of safety and security in the industry for our clients’ exchange proceeds. And in today’s environment, safety of exchangers’ funds is our top priority.
Understanding the Michigan 1031 Exchange Process
If you have any questions about the Michigan 1031 Exchange process or any other 1031 Exchange topics, please visit our Michigan IPX 1031 web page at www.ipx1031.com/michigan. We’re happy to help.
Click to visit Michigan 1031 Exchange page