Tampa 1031 Exchange Rules
Tampa 1031 Exchange Rules
Tampa 1031 Exchange rules require a tampa real estate investors to identify potential replacement
tampa properties within 45 days of the close of escrow and acquire the replacement
tampa property (or
tampa properties ) within 180 days of close of the relinquished tampa property. Furthermore, when choosing a replacement
tampa 1031 exchange tampa property for the tampa 1031 exchange, the
tampa real estate investor must follow one of the following
tampa 1031 exchange rules:
The Three-Tampa Property Rule - Any three tampa properties regardless of their market values may be identified by the exchanger as potential replacement tampa properties for the like kind exchange, however no more than 3 tampa properties may qualify.
The 200% Rule - Stipulates that the aggregate value of all replacement tampa properties in the exchange must not exceed 200% of the value of the relinquished tampa property at the time of sale.
The 95% Exception - Finally, the 95% rule stipulates that the aggregate value of all like kind replacement tampa properties must account for at least 95% of the value of the relinquished tampa property at the time of sale in order for the exchange to qualify. This rule applies only if rules 1 and 2 are invalid.
Contact us for a free consultation with a tampa 1031 broker.