Tax Services
Florida 1031 Exchange
Tax-deferred real estate exchange planning in Florida
Keep Your Capital Working, Not Going to the IRS
A 1031 exchange lets real estate investors defer capital gains taxes by reinvesting sale proceeds into a like-kind property — upgrading or diversifying a portfolio without triggering a taxable event.
Full-service 1031 advisory that protects your deferral and tracks every IRS deadline.
Core Directives
- Tax deferral
- Timeline management
- Portfolio growth
Ready when you are
Get startedOperational Milestones
Evaluate
We assess the property sale, confirm 1031 eligibility, and calculate the potential capital gains tax deferral.
Structure & identify
We engage a qualified intermediary before closing, then help you identify up to three like-kind replacement properties within 45 days.
Acquire & report
We coordinate closing within 180 days through the intermediary, then file Form 8824 and fold the exchange into your annual return.
Included Services & Outcomes
One Misstep Disqualifies the Exchange
The rules are strict: 45 days to identify replacement properties and 180 days to close, plus rigid requirements around qualified intermediaries, boot calculations, and property eligibility. A single misstep can disqualify the entire exchange and trigger immediate capital gains liability.
Questions
Florida 1031 Exchange FAQ
What qualifies as a like-kind property?
Under IRS rules, most real property held for investment or business use qualifies. You can exchange a single-family rental for a commercial building, vacant land for an apartment complex, or any combination of real estate investment properties.
Can I use a 1031 exchange for my primary residence?
No. Section 1031 applies only to property held for investment or productive use in a trade or business. Your primary home does not qualify, though mixed-use properties may partially qualify under specific circumstances.
What happens if I miss the 45-day or 180-day deadline?
If either deadline is missed, the exchange is disqualified entirely and the full capital gains tax becomes due. SMAART actively tracks every milestone to prevent this from happening.
Does Florida have state-level capital gains tax?
Florida has no state income tax for individuals, which makes 1031 exchanges here even more powerful — you are primarily deferring federal capital gains tax, which can be 15-20% or more depending on your income level.
What if I identify a property and it falls through?
You are bound by what you identify within the 45-day window. If your primary target fails, you can close on any of the up to three identified properties, so we always help clients identify a credible backup.
Put SMAART Tax on your florida 1031 exchange
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