• Skip to main content
  • Skip to footer

Michigan 1031 Exchange

1031 Exchange Company

  • Home
  • About
    • Michigan Forward 1031 Exchanges
    • Michigan Reverse 1031 Exchanges
    • Michigan Build-to-Suit 1031 Exchange
    • Michigan Qualified Intermediaries
    • How to Start a 1031 Exchange in Michigan
  • Links & Resources
    • 45 / 180 Day Calculator
    • Capital Gains Calculator
    • 1031 Videos
    • Michigan 1031 Exchange FAQs
  • Contact

How to Start a 1031 Exchange in Michigan

Many taxpayers are familiar with 1031 exchanges, but don’t know how to start an exchange. In this article, we are going to talk about how to start a 1031 exchange in the state of Michigan. If you have any questions on the 1031 exchange process, don’t hesitate to reach out to our Michigan qualified intermediaries!

Getting Your 1031 Exchange Off the Ground

Technically, a 1031 exchange begins with the sale of your relinquished property (or the sale of your replacement property in a reverse exchange). However, it’s not a good idea to jump into the 1031 exchange waters head first. You want to do a little bit of prep work first.

The first thing you should do is consult with a qualified intermediary. A 1031 intermediary is someone who understands section 1031 of the Internal Revenue Code back to front. They will be able to advise you on the specifics of your exchange. It’s important to involve an intermediary before you sell your relinquished property. Having a little extra time will allow you to prepare all of the necessary 1031 exchange documents, and do a little bit of scouting for replacement property. The more prep time you can give yourself and your intermediary, the less chance that you’ll be scrambling at the last minute

Michigan Like-Kind Exchanges

Get your Michigan like-kind exchange started today by contacting CPEC1031, LLC. Our team of qualified intermediaries has over twenty years of experience facilitating like-kind exchanges of all shapes and sizes. We can help you through every step of your exchange by answering your questions, advising you, and preparing all of your 1031 documentation. Reach out to our 1031 exchange professionals today to learn more about the process and how we can help!

Footer

Toll Free 877.373.1031
Fax 877.779.7427
 

CPEC1031 of Michigan provides qualified intermediary services to the following areas: Detroit, Grand Rapids, Ann Arbor, Flint, Kalamazoo, Warren, and more.

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

© Copyright 2022, CPEC1031, LLC · All Rights Reserved

  • Home
  • About
  • Links & Resources
  • Contact