Century 21 Island Life
Robert U. Valenzuela, P.A.
 

1031 Tax Exchanges are very common in the Florida Keys. Vacation Homes and Investment properties offer many opportunites for tax savings.

In a typical transaction, the property owner is taxed on any gain realized from the sale. However, through a Section 1031 Exchange, the tax on the gain is deferred until some future date.

Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment. A tax-deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of "like-kind", while deferring the payment of federal income taxes and some state taxes on the transaction.

The theory behind Section 1031 is that when a property owner has reinvested the sale proceeds into another property, the economic gain has not been realized in a way that generates funds to pay any tax. In other words, the taxpayer's investment is still the same, only the form has changed (e.g. vacant land exchanged for apartment building). Therefore, it would be unfair to force the taxpayer to pay tax on a "paper" gain.

The like-kind exchange under Section 1031 is tax-deferred, not tax-free. When the replacement property is ultimately sold (not as part of another exchange), the original deferred gain, plus any additional gain realized since the purchase of the replacement property, is subject to tax.

For more information on this tax benefit, give me a call at 305-431-0836 or email me.

What my clients are saying  

We would highly recommend him to anyone buying or selling a house in the Keys. We bought the house as he was the realtor and sold with him. A gem of a person and realtor!

 

~ Henry & Lori Coombs

It was a pleasure to work with Robert. He's extremely knowledgeable about the market and real estate in general. He was very easy to work with and answered all of our questions throughout the process.

 

~ Alex & Brenda Novo-Torano

Robert is excellent.

 

~ Bellina & Orly Toledo

Great job!! Very professional. Robert is great and excellent managing end to end transactions. Always here to help and assist. Once again, awesome job!!

 

~ Jorge & Rita De La Torre

I can never thank you enough for helping me find and negotiate my dream home and for all the advice that goes way over and beyond your responsibilities. You are a professional in every sense of the word. Thank you.

 

~ Daisy Gomez

Robert is an honorable man, a pleasure to do business with. I could not be more pleased.

 

~ Jill Murphy

We have already recommended him. He has history and knowledge of Key Largo that is priceless. Robert provided excellent hands on assistance with everything. Now I'm happy to call him my neighbor.

 

~ Mayte & Rolando Rodriguez

Great real estate agent.

 

~ Juan & Beatriz Colao

It was my first time buying a home. Robert was patient and made it easy. He treated me like family. I recommend him to people all the time!

 

~ Samantha Ellis

Robert was very friendly. We like working with him very much and would use him again. Thanks for all of your help!

 

~ Ray Sharp & Christy Luent

Outstanding service and professionalism received from Robert. He went out of his way to help us. Property sold within one week. He's the best!

 

~ Ileana & Gil Rodriguez

He was wonderful, courteous, and did all he could to sell my home. I have already recommended Robert to my friends and will continue to tell anyone else who is looking for a new home.

 

~ Kevin & Michele Pederson

The realtor is a true professional. Everything was great! He was excellent. I will refer him every chance I get. Very service-oriented.

 

~ Andy & Bertha Fernandez

Robert Valenzuela was very honest, professional, and very courteous with us. On behalf of the Salgado family, we want to thank Mr. Valenzuela for all his patience and kindness. In our opinion, Robert was outstanding with his performance and we will definitely recommend him to our friends and family.

 

~ Carmelo, Rosa, and Maria C Salgado

He's very good at what he does and knows his market.

 

~ Peter & Lourdes Pinto

He was wonderful! So helpful, words do not describe how much he helped us!

 

~ Amy & Stephen Scott

Excellent service! Robert was available anyday at anytime. He was always very friendly and helpful! He was excellent. I know that he will help my friends/relatives and they will be satisfied.

 

~ Daniel & Rosie Pou

He was very kind & helpful. He listened to us and found us the exact house we were looking for. I will recommend Robert to all my friends. It was a very pleasant experience dealing with Robert.

 

~ Didio & Monica Victores

For the last few years we have been buying, selling and building properties here in the Florida Keys. Robert has been part of our success since we started doing business with him. He is very dedicated, knowledgeable, professional, and most of all personable. We have and will continue to recommend Robert to all our friends, family and business partners.

 

~ Rene & Fradys Castillo

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