Direct deeding is an option available for those that are buying or selling property under the 1031 Tax Deferred Exchange. With direct deeding, the seller can direct deed the property to the buyer, rather than having to go through an intermediary, which was once the only way that it could be done with 1031 tax deferred exchanges.

Prior to an IRS ruling in 1990, a seller of property would deed the property to an intermediary and this intermediary in turn would deed the property to the buyer. This was called sequential deeding and was the only way that deeding could be done. It was no longer necessary to do it this way after 1990 and now, direct deeding is much more common than sequential deeding.

This could be because of the advantages that are

Tax Benefits of Owning an Orlando Vacation Home 

Owning a vacation home can provide significant tax advantages. How often you use the home and how much you rent it are the primary determinants of your vacation home’s tax treatment. The Florida Institute of Certified Public Accountants (FICPA) explains what you need to know to gain maximum tax advantage from your Orlando vacation home real estate.

MINIMAL RENTAL BRINGS TAX-FREE INCOME

If you rent your vacation home for fewer than 15 days during the year, any rental income you earn is tax-free. You don’t even have to show it on your tax return.

In terms of mortgage interest and property taxes, a vacation home used mainly for personal purposes receives the same tax treatment as your primary

1031 Tax Exchange for your Orlando Home

Over the years I have had many investors - Orlando vacation home buyers ask about upgrading to a bigger property. In most cases the best way to do this is by utilizing a 1031 tax exchange. A tax deferred exchange makes it possible for an owner to sell a piece of investment property and buy a new property using the profits from the sale without having to pay taxes right away. Taxes are not due until the owner decides to sell the new piece of property. The reason for this is that when a property is sold or exchanged to buy a similar piece of property, the new property is seen as part of the initial investment.

These tax deferred exchanges are an opportunity that everyone can benefit from, not only seasoned

On the first day of the special session to lower property taxes, here is what lawmakers started cutting: expectations for a huge tax cut this year and a January vote for even bigger savings.

The Republican-led Legislature didn't appear to have the votes Tuesday to push deeper cuts more quickly because Democrats oppose $7.2 billion in school cuts over five years in the $31.6 billion plan.

But the schools dispute belies the real trouble: It's almost impossible to fix the complicated tax system, protect local services and fulfill simple promises made by Gov. Charlie Crist and House Speaker Marco Rubio, who have raised public expectations of deep tax cuts.

The two Republicans have barnstormed the state separately for months. Rubio held out for bigger