FLORIDA EXCHANGE

 Simultaneous Exchanges

 
Home Seek Tax Advice Feedback Privacy Policy

 

 Exchange Services News Who We Are 1031 Exchange FAQs Section 1031 I.R.C. IRS Regulations IRS Reverse Procedures

Unlike the other exchange safe harbors, the qualified intermediary safe harbor permits Florida Exchange to facilitate simultaneous exchanges, as well as deferred exchanges.

Key Benefits

bulletEstablishing an exchange relationship with Florida Exchange for a simultaneous exchange protects the taxpayer against unforeseen delays which can cause the relinquished and replacement property transactions to close independently and at different times.
bulletEven if the transactions can close simultaneously, to obtain exchange treatment, the sale contract and purchase contract must reflect that each transaction is part of an exchange, and that neither transaction will close unless both close as an exchange.  Without such provisions, the transactions will be treated separately and the gain on sale will be subject to tax currently.  Therefore, enlisting Florida Exchange to act as intermediary through an exchange agreement establishes the contractual provisions necessary to obtain exchange treatment.
bulletUse of Florida Exchange in a simultaneous exchange provides additional exchange expertise to the taxpayer.

Capabilities

Florida Exchange's deferred exchange capabilities are applicable to and enhance simultaneous exchanges.

Information Request Form

Select the items that apply, and then let us know how to contact you.

Send company literature
Please contact me

Name
Title
Company
Address
E-mail
Phone

 

 

                              Persons interested in like-kind exchanges should always seek tax advice.

The information contained in these web pages is not intended to be, and should not be considered or relied upon as, legal,  tax or accounting advice. These web pages are only intended to be a general treatment of the subject matter and the reader agrees, by accessing these pages, that neither Florida Exchange nor any other person or entity shall have any liability arising from the information presented.  Each reader who does not agree with the foregoing release of liability is directed to exit these web pages immediately.

The general information provided in these web pages is subject to exceptions, additions, interpretation, and changes to the statutes, regulations and case law, by Congress, the courts, and the Internal Revenue Service. The general information provided in these web pages is also subject to facts that are specific to each reader and which are therefore clearly outside the scope of these pages.

 

 

                                  Send mail to our Webmaster with questions or comments about this web site.
                                             Copyright © 2008 FEC SERVICES, LLC.  All rights reserved.
                                             Last modified:  08/19/2008