Does Florida apply one flat capital gains tax rate?
0% individual state income tax; corporations and federal taxation require separate review.
1031 EXCHANGE / FLORIDA
Florida: compare the rules before choosing an intermediary.
Florida tax rules: 0% individual state income tax; corporations and federal taxation require separate review.
No personal income-tax clawback identified in this baseline. This does not remove federal or entity-level tax obligations.
- Florida does not impose personal income tax. Federal 1031 rules still apply.
- No Florida personal income-tax clawback is identified in this baseline. This does not describe corporate income tax.
- Federal exchanges generally require identification within 45 days and completion within 180 days, subject to the tax-return deadline and extensions.
Editorial baseline review: . Status: baseline. Updates are not automatic legal verification.
Qualified intermediary candidates serving Florida
Unknown means no verified term in this dataset. Parent groups are shown to expose shared ownership; confirm current ownership directly.
| Intermediary | Coverage / group | Bonding / escrow | Services / fee | Intake |
|---|---|---|---|---|
| Accruit Baseline candidate | National Inspira Financial | Unknown Escrow terms unknown | Services unverified Fee unknown | Request Intake |
| Asset Preservation, Inc. Baseline candidate | National Stewart | Unknown Escrow terms unknown | Services unverified Fee unknown | Request Intake |
| Exeter 1031 Exchange Services Baseline candidate | National Parent group unknown | Unknown Escrow terms unknown | Services unverified Fee unknown | Request Intake |
| First American Exchange Baseline candidate | National First American Financial | Unknown Escrow terms unknown | Services unverified Fee unknown | Request Intake |
| IPX1031 Baseline candidate | National Fidelity National Financial | Unknown Escrow terms unknown | Services unverified Fee unknown | Request Intake |
Estimate the excess-basis depreciation scenario
Illustrative excess-basis scenario only. Purchase price does not establish tax basis. Enter an excess basis already excluding land, confirmed by your CPA. Carryover basis is excluded from this estimate.
Estimated Year 1 depreciation on excess basis
$26,829
Baseline without reclassification: $12,286. Estimated incremental depreciation: $14,543.
Assumed short-life basis: $100,000. Bonus component: $0. These are deductions, not cash savings.
Model: 80% of reclassified basis uses 5-year property at a 20% first-year half-year MACRS rate; 20% uses 15-year property at 5%. Remaining building basis uses 39-year straight-line depreciation with a mid-month convention. Allocation and bonus rate are user assumptions; default bonus is 0%. Mid-quarter convention, ADS, elections, used-property acquisition rules, state conformity, passive-loss limits, recapture and carryover-basis treatment are excluded.
Questions answered
What happens when replacement property is outside the state?
No personal income-tax clawback is identified in this baseline. Federal gain, residency in other states and entity-level tax still require review.
Are the listed intermediaries verified partners?
No. These are baseline provider candidates. Fees, bonding, escrow protections and service availability must be confirmed directly. National coverage does not establish suitability.