Florida 1031 Exchange Properties

Florida Exchange 1031 PropertiesFlorida represents a strong 1031 exchange market for real property held for use in a business or investment. Atlas 1031 has long served clients both domestic and non resident aliens providing an Internal Revenue Service recognized tax deferral strategy in §1.1031 of the IRS code. Federal and if applicable, state capital gains and recaptured depreciation taxes can be deferred when replacement property is acquired within 180 calendar days of the old property sale.

The Certified Exchange Specialist on staff has provided 1031 exchange qualified intermediary services for professional advisers and their clients since 2003. Florida 1031 exchanges have represented the majority of our like-kind exchange activity with an office located in Fort Walton Beach and Orlando, Florida. Foreign individuals and companies also defer US federal capital gains taxes by following FIRPTA requirements when selling real estate. Atlas 1031 has substantial experience working with FIRPTA filings, assisting professional advisers and title companies file the appropriate documents securing the withholding certificate.

Florida 1031 Exchange Properties

The following list of 1031 exchange properties share similar intents and facts supporting the intent and follow the 1031 exchange rules. The intent is to hold the real property for investment or business use with facts such as holding times, minimal personal use, not considered inventory given inventory is not eligible for 1031 consideration, how the property is reported on federal tax returns and if a vacation property was it rented or in a rental pool.

  • Florida Convenience stores
  • Florida Commercial buildings and warehouses
  • Florida Vacation homes  
  • Florida Gas stations
  • Florida Apartments
  • Florida Hotels and Motels
  • Florida Rental properties
  • Florida Conservation easements   
  • Florida Communication towers  
  • Florida Nursing homes  

Each 1031 exchange is carefully managed, following 1031 security and transparency procedures, depositing exchange proceeds into non commingled, interest bearing accounts insured by FDIC. Atlas 1031 maintains a $250,000 Error and Omissions Insurance policy. Either a qualified escrow account or personal identification number (PIN) known only by Exchangor and bank is used for each exchange.

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