Margo Rosenthal, Esq.
Michigan
Farmington Hills MI 48334
Direct: (248) 538-0750
Cell: (248) 613-2854
Fax: (248) 479-0592
Email: margo.rosenthal@ipx1031.com
IPX1031 Midwest Regional Office
10 South LaSalle Street, Suite 3100
Chicago, IL 60603
Phone: (312) 223-2369
Toll Free: (866) 490-1031
Fax Number: (312) 873-3893
Margo Rosenthal, Esq., is an IPX1031 Account Executive and an attorney licensed to practice in Michigan. As the Queen of 1031 Exchanges, Margo is a frequent speaker on 1031 tax deferral, 1031 Exchange rules and 1031 regulations, having done seminars for ICLE (Institute of Continuing Legal Education), Homeward Bound Series, continuing education for CPAs and for groups of attorneys and brokers in the Michigan metropolitan area. Margo has also published a chapter on Title Insurance for the Michigan Residential Real Estate Transaction Book published by ICLE (Institute of Continuing Legal Education). After graduating with high honors from Wayne State University, Margo received her Juris Doctor degree from the Detroit College of Law.
IPX1031 Exchange Seminars
IPX1031 provides seminars for continuing education credits as well as custom and personalized seminars on tax deferred exchange topics for attorneys, CPAs, advisors, brokers, REALTORs, agents, escrow, investors and taxpayers. To find out about a seminar nearest you, or to schedule a seminar for your office, please contact me.
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1031 Resources & Information
How much does it cost to do a 1031 Exchange?
Exchange pitfalls.What should I be aware of?
Can I exchange my primary home, vacation home or second home?
A vacation home can qualify as investment property if you limit your personal use to 14 days per year or 10% of the actual rental period, whichever is greater. Your primary residence or second home does not qualify for 1031 Exchanges. Click here for more information
How do I know if a 1031 Exchange is right for me?
1. Will you have capital gain on the sale of your property?
2. Do you want to continue to own real estate?
3. Have you spoken to your tax advisor?
Are there any special 1031 rules or 1031 regulations for Michigan?
There are no special rules or regulations for Michigan. However keep in mind that Michigan is not a community property state. If property is held by husband and wife (H and W), both H and W must purchase the Replacement Property. If just H or W owns the property to be sold, only H or W can purchase Replacement Property. Because there are specific vesting rules for a 1031 Exchange, be certain to work with your tax advisor.
What property types can be exchanged into and out of? What is Like Kind Property?
Virtually all real estate is like kind for 1031 purposes. However, your primary residence or a second home will not qualify for a 1031 Exchange because these are personal use properties. Click here for more info.
Can I get an extension for my 1031 Exchange?
The 1031 deadlines are very strict. There will be no extension if the deadline falls on a weekend. You will not receive an extension for your birthday or for a national holiday. Only federally declared disasters may extend the 1031 deadlines. For more info click here
How do I get started with my 1031?
Give me a call at (248) 613-2854 and I’ll talk you through the initial steps. Or click here to fill out our online form.
Let me know what you are looking for
Margo Rosenthal & IPX1031 are a winning combination.
See how we’re different and why.
With an office near Detroit, IPX1031, the nation’s largest exchange facilitator and accommodator, provides industry leading exchange services including guidance, expertise, security and key information on 1031 Exchange rules, regulations and strategy. 1031 Exchange expert, Margo Rosenthal offers you customized solutions to defer capital gains tax and maximize equity in your 1031 like kind investment property.
