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What are the tax benefits of 1031 Exchange?

Named for a specific section of the tax code,1031 exchanges are a valuable tool for real estate investors. Though the IRS does require that the exchanging investor meet some very specific requirements, 1031 exchanges provide some very important tax benefits. Here are the most notable.
homestead portability

Have you taken advantage of the Homestead Portability tax exemption?

In Florida, the Save Our Homes Amendment to the Florida Constitution prevents the assessed value of homestead property from increasing more than 3% per year, or the percent change in the Consumer Price Index, whichever is lower. 

Florida homeowners can vote to cap property taxes on non-homestead properties

The House is set to vote to place a constitutional amendment on the '18 ballot that would hike the standard homestead exemption to $75,000.