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1031 Exchange

 

Why use Florida 1031 Exchange?

  • All documents have been prepared by an experienced attorney and are easy to understand

  • Our instructions are streamlined

  • Our escrow account is secure

  • We notify you of deadlines

  • We administrate all of the paperwork

  • What is a 1031 Exchange?

Sellers of investment properties are allowed to defer capital gains taxes on profits by exchanging the proceeds through a qualified 1031 intermediary for an investment in another like-kind property or group of properties.

The Qualified Intermediary in a 1031 Exchange performs important functions, including holding the funds in an escrow account, preparing Exchange documents, acquiring and transferring legal property titles and monitoring Exchange timing deadlines.

By way of example, in a Standard 1031 Exchange the taxpayer is allowed to sell existing property known as the Relinquished Property, and avoid paying capital gains taxes when the Seller purchases a Replacement Property or Properties.


When should I choose an Exchange company?


The time to choose a 1031 Intermediary is when you decide to sell your property. This will ensure a smooth transaction!


IT IS IMPORTANT TO CONSULT WITH A TAX ADVISER CONCERNING 1031 RULES AND REGULATIONS. SELLERS OF INVESTMENT PROPERTIES ARE ALLOWED TO DEFER CAPITAL GAINS TAXES ON PROFITS BY EXCHANGING THE PROCEEDS THOUGH A QUALIFIED INTERMEDIARY FOR AN INVESTMENT IN ANOTHER LIKE PROPERTY OR GROUP OF PROPERTIES.