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Florida 1031 Exchanges

Considering A Tax Deferred "1031 Exchange" for your Florida Real Estate Property? Florida Exclusive Realty is ready to help you. We are full service Real Estate Brokerage Firm and can assist you with a sale of your investment real estate property or with purchasing of 1031 replacement property in Florida. The broker of Florida Exclusive Realty is a certified 1031 Exchange Agent and he personally supervises all 1031 Exchange real estate transactions in our firm.

Before you decide to sell your investment real estate in Florida, contact us or call 1.305.542.1531 and talk to one of our 1031 Exchange Specialists.

• We will connect you with a Qualified Intermediary.
  
• We will assist you in finding all Florida 1031 replacement property options.
• We will locate in Florida and evaluate Triple Net Lease Properties (NNN).
• We will connect you with a 1031 Exchange attorney or tax accountant.
• We will assist you with obtaining the financing on your replacement property.

A 1031 Exchange, otherwise known as a Tax Deferred Exchange is a simple strategy and method for selling one qualified property and then proceeding with an acquisition of another property (also qualified) within a specific time frame.

The process of selling a property and then buying another property is practically identical to a traditional sale and purchase but, in case of a 1031 Exchange, the entire transaction is treated as an exchange and rather than as a simple sale. The bottom line is that traditional sales are taxable by the IRS and 1031 Exchanges are not.

A Qualified Intermediary takes temporary title to the properties until the exchange has been completed. The taxpayer cannot at any time be in possession of the funds received from the sale of the relinquished property. The replacement property title must be taken in the same name as that in which the relinquished property was titled.

Section 1031 of the U.S. Internal Revenue Code allows investors to defer capital gains taxes on exchanges of like-kind properties. For real estate exchanges, like-kind replacement property means any improved or unimproved real estate held for income, investment or business use. One property can be exchanged for two or more properties; two or more properties can be exchanged for one property. For example, you can sell your residential rental property in Miami Beach and buy, through 1031 Exchange program, a motel/hotel in Fort Lauderdale and/or apartment building in Hollywood, FL.

If you are in need of a Qualified Intermediary and assistance of professional Florida Real Estate Agents with selection of a replacement property, please contact us or call 1.305.542.1531 and we will help you with all your investment real estate needs to successfully complete a 1031 Exchange in Florida.

Florida 1031 Exchange Information

*Disclaimer: Florida Exclusive Realty does not guarantee the performance of the Qualified Intermediary and we cannot be held liable for any misrepresentations or mistakes in regards to a 1031 exchange by the Qualified Intermediary that we refer you to. Florida Exclusive Realty does not provide legal or tax advice nor can we make representations regarding the tax consequences of an exchange transaction. Florida Exclusive Realty is not responsible (in any way) for the performance, creditability, and financial condition of Qualified Intermediaries. It is imperative that all potential 1031 exchange customers do their own due diligence and research on a 1031 exchange. All parties doing a 1031 exchange must consult their tax advisors or attorney for related information.

*(1)Nothing contained in this website was intended or written to be used, can be used by any taxpayer, or may be relied upon or used by any taxpayer for the purposes of avoiding penalties that may be imposed on the taxpayer under the Internal Revenue Code of 1986, as amended; (2) any written statement contained on this website relating to any federal tax transaction or matter may not be used by any person to support the promotion or marketing or to recommend any federal tax transaction or matter; and (3) any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor with respect to any federal tax transaction or matter contained in this website.