1031 Exchanges in Michigan

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

Michigan 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).

4.25%

State Rate

1.70%

Local Rate

None

Deductions

29.25%

Combined Rate

Michigan Income Tax Rates

Michigan has a flat income tax rate of 4.25% of federal taxable income. Additionally, 22 cities in Michigan may levy an income tax, with non-residents paying half the rate of residents.

Find a Qualified Intermediary

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

Birmingham Exchange Company

26000 W. 12 Mile Road, Southfield MI 48034

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Corporate Exchange Services

802 Bridge Street, Charlevoix MI 49720

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