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).
New Jersey levies state taxes at rates ranging from 1.40% to 10.75%, assessed over progressive income brackets.
Madison Exchange, LLC, based in New Jersey, is a well-established and reputable company specializing in §1031 exchanges. They continued operations even during economic downturns, thanks to their solid reputation and loyal customer base. The company offers personalized service by assigning an Exchange Officer to each client to oversee the transaction from start to finish, coordinating with the client’s attorney, accountant, and/or closing agent. They emphasize flexibility to meet unique client needs within IRS guidelines for §1031 exchanges.Madison Exchange ensures high security for client funds by using secure, segregated accounts in large, FDIC-backed banks or AAA-rated bond funds, and provides clients with up-to-the-minute online access to view account funds. They carry a $10 million Fidelity Bond and a $10 million Errors and Omissions policy for each client’s protection, supported financially by Madison Commercial Real Estate Services™.The company is known for its deep knowledge and creativity in handling all types of §1031 exchanges, including more complex transactions like Reverse/Simultaneous Exchanges and Construction/Improvement Exchanges, beyond the common Forward/Delayed Exchanges. They are not listed as a member of the Federation of Exchange Accommodators.
