Florida 1031 Exchanges to Defer Capital Gains Tax

florida 1031 exchanges

Real estate investors use Florida 1031 exchanges as a tax-deferral strategy. When selling investment or business-use properties, investors save in taxes.

Section 1031 of the Internal Revenue Code allows investors to defer all applicable taxes in property exchanges. Section 1031 allows for the exchange of business-use or investment property. If the replacement property is of equal or greater value, the investor defers all taxes. The IRS allows this tax-deferral as long as investors follow the 1031 exchange rules.

One of the 1031 rules specifies the requirement of a Qualified Intermediary (QI). A QI must accommodate the 1031 exchange. Midland 1031 has served as a 1031 exchange QI nationwide for more than 25 years. We have facilitated 1000s of 1031 exchanges throughout Florida. These exchanges have taken place throughout Florida in Fort Myers, Miami, Tampa, and the Panhandle. We have two Certified Exchange Specialists® (CES®) on staff. Our exchange specialists assist Florida real estate investors with their 1031 exchange.

There are many types of 1031 exchanges in Florida. Available exchanges include delayed, simultaneous, reverse, and specialty. Here is a partial list of 1031 Exchange Properties:

  • Rental Property
  • Single Family Investment Homes
  • Duplex/Triplex Investments
  • Condominiums
  • Investment Vacation Properties
  • Commercial buildings and warehouses
  • Land
  • Aircraft Exchanges
  • Farm Land
  • And much more!

We make it a point to manage every 1031 exchange carefully. Exchange proceeds from the relinquished property sale are deposited into a non-commingled account. The FDIC insures this account up to the current limit of $250,000. Qualified Escrows are available for transactions with proceeds above $250,000.00.

Contact us today and sign up for our “Guide to Florida 1031 Exchanges”. Midland also does self-directed IRAs that allow you to buy investment property tax-free! Learn more about using your retirement funds to purchase investment real estate.