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SouthWest Florida Real Estate Services
Cape Coral | Fort Myers | Punta Gorda | Burnt Store | Naples
1031 Exchanges
Under Section 1031 of the Internal Revenue Code,
owners of real estate held for investment or use in a 
trade or business can swap their property tax-free for
"like-kind" real estate. Exchanges are made for people
wanting to stay invested in real estate, increase their
leverage and avoid paying hefty taxes upon the sale of
property.
The capital gains deferral period is 180 days. During the
deferral period, the proceeds of the sale are placed with
a Qualified Intermediary. To quality for deferral, strict
adherence to the provision is necessary. Therefore, it is
critical to select a Qualified Intermediary that has a
thorough understanding of all the details of the
regulations and specializes in this type of transaction.
We have first-hand experience with 1031 exchange
procedures and can find properties that will work for your 
exchange process and time frame. We can also help you
locate Qualified Intermediary firms, and of course a
search on the Internet will generate many options for
1031 Exchange Intermediaries. Also see the Resource Directory.
Like Kind Investment Real Estate
- Apartments
- Rental Houses
- Retail Properties
- Commercial
- Raw Land
- Office Buildings
- Industrial
- Ranches
So for example, a person can exchange raw land for an
apartment building, or vice-versa. For a short course on
the 1031 process, which properties qualify, the pros and
cons and much more, click here to view the
First American Exchange Company's tutorial, which is an
excellent resource, complete with examples and
scenarios.
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