As a 30A real estate brokerage, we enjoy working with 1031 exchange buyers and sellers. We have successfully helped many of our customers complete successful 1031 exchange transactions, and we have a great system. Below are some tips and facts about 1031 "like kind" exchanges for properties on the Emerald Coast of Florida.
- Please consult with an attorney and/or tax expert to make sure a 1031 is the best strategy for you and your specific situation. The amount of profit from the sale, depreciation, and other items will dictate whether or not the expense of a 1031 is worth the benefit.
- You must hire a 1031 intermediary to hold the funds from the initial property sale. You can never have access to the 1031 proceeds. Your title company or…
