Welcome
to the Tequesta Tax Center - Your Florida 1031 Exchange Experts!
What is
a 1031 exchange?
A 1031 exchange makes it possible for investors to sell
and buy property of like kind while deferring tax consequences. This
transaction is authorized by section 1031 of the IRS code and offers
investors a reliable strategy for the protection of their real estate
assets. A successful 1031 exchange allows the investor to reinvest 100%
of the equity from the sale of a property into the purchase of a preferred
replacement property without recognizing any gain. This type of property
sale and reinvestment can either be done through a simultaneous or delayed
1031 exchange. In most cases a 1031 exchange is done as three-party
delayed exchange also known as a "Starker Exchange" in which
an intermediary ensures a reciprocal transfer of the properties and
provides a "safe harbor" against the actual receipt of exchange
funds.
What are
the advantages of a 1031 exchange?
1031 exchanges provide
real estate owners with a range of opportunities to meet personal investment
objectives including increased leverage, improved cash flow, diversification,
reduction of management obligations, geographic relocation and/or consolidation.
The tax dollars saved by an exchange may be maximized to increase an
investor's overall net worth. Ultimately, the exchange process allows
investors to reorganize and improve their real estate portfolios to
best suit their unique interests and needs.
INTERNAL
REVENUE SERVICE LINKS:
Like-Kind
Exchanges - Real Estate Tax Tips
1031
Frequently Asked Questions
For
more more information on 1031 Exchanges and
how you can benefit, contact TOM
SEAMON Today!
or call (561) 373-2777
TOM SEAMON
also provides the following tax services:
