1031 Exchanges in Illinois

Everything you need to know about buying and selling Illinois real estate while minimizing your taxable gain.

Illinois Capital Gains Tax Rates

The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which results in a tax rate increase of 1.18 percent).

4.95%

State Rate

0.00%

Local Rate

None

Deductions

29.95%

Combined Rate

Illinois Income Tax Rates

Beginning June 1, 2017, taxpayers cannot claim the personal exemption if their adjusted gross income exceeds $250,000, or $500,000 for those filing jointly.

Find a Qualified Intermediary

Work with a qualified intermediary to qualify for a tax deferred real estate exchange. Find a local Illinois intermediary or exchange facilitator below.

Chicago Deferred Exchange Company, LLC

231 S. LaSalle Street, 13th Floor, Chicago IL 60603

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Investment Property Exchange Services, Inc. (IPX1031)

10 South LaSalle Street, Suite 3100, Chicago IL 60603

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