1033 Exchange Experience
JLK Rosenberger has significant experience assisting Tampa and Florida taxpayers navigate the 1033 exchange process. We have worked with dozens of property owners providing necessary guidance, managing the timeline, and filing the necessary tax reports. Beyond the practical experience, our team members undergo ongoing technical tax training to stay current on the latest regulatory changes. The result is a client centric process that prioritizes tax efficiency and savings during the property replacement process.
1033 Exchange Services – Tampa (FL)
What happens next?
- Eligibility Overview – In this step, the focus is on determining that your situation qualifies to conduct the exchange. Our team reviews the property basis and compensation received and calculates the potential capital gain and the amount needed for a full deferral.
- Replacement Property Guidance – Our team reviews the specific details about selecting a replacement property including the “similar or related in service or use” standard for replacement property. This ensures the new asset qualifies for the exchange. While you focus on finding new property, our team ensure your selection aligns with requirements.
- Timeline Management – Our team works to ensure the critical replacement period (2 years for destruction and 3 years of condemnation) are followed. We also assist with documentation and strategies to maximize time for replacement.
- Tax Reporting – In this step, our team prepares and files all necessary documents with the IRS including Form 4797 (Sales of Business Property) and other required documentation. For those who have already paid tax on a gain but are still in the replacement period timeline we can help recover those taxes.
- Basis Adjustment – Finally, we calculate the adjusted basis of the new property including the deferred gain. Our team will also provide guidance about the most appropriate depreciation method for your new property.
Contact Our Tampa 1033 Exchange Team
JLK Rosenberger provides 1033 exchange and involuntary conversion services to eligible property owners in Tampa and Florida. Interested in learning more about our 1033 exchange services? If you are interested in learning more about our services and how we can help you, complete the form below and a team member will follow up shortly.
About Tampa Natural Disasters
Tampa’s business community is anchored by a diverse and steadily expanding economic base that reflects its role as one of Florida’s most important commercial and logistics hubs. The city benefits from a strong mix of professional services, financial firms, healthcare systems, and advanced manufacturing, supported by a rapidly growing population and a business-friendly regulatory environment. Tampa’s downtown and surrounding districts have experienced significant redevelopment in recent years, attracting corporate offices, technology firms, and professional service providers drawn by relatively low operating costs compared to other major metros and a high quality of life that helps support talent recruitment and retention.
Healthcare and life sciences are central pillars of Tampa’s economy, driven by major institutions such as Tampa General Hospital and the broader regional healthcare network that supports research, clinical services, and medical education. Financial services and insurance also play a major role, with numerous regional banks, investment firms, and shared services operations using Tampa as a base for back-office, compliance, and customer support functions. The city has additionally emerged as a growing technology and cybersecurity center, benefiting from a skilled workforce, military connections through nearby MacDill Air Force Base, and increasing venture capital and startup activity.