Michigan 1031 Exchange – What Are the Requirements for a 1031 Exchange in MI?

Hi. This is Margo Rosenthal with IPX1031 exchange services. And today, I’ll 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.

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.

IPX 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.

Not only am I an expert on IRS 1031 exchanges, I am the queen of 1031 exchanges.

Should you have any questions, please do not hesitate to contact me. I look forward to working with you and your client on your upcoming exchange.

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