The Updated Nuts and Bolts of IRC Section 1031 Exchanges

Overview

In today’s real estate market, IRC §1031 tax-deferred exchanges can be one of the most important planning tools available to the real estate investor. The use of this technique is filled with pitfalls and traps. This new course will assist the practitioner in understanding the mechanics of a tax-deferred exchange and the value of a tax-deferred exchange in both tax and financial planning.

Updated August 2022

Highlights

Complete explanation of IRC §1031
Understand when to use a tax-deferred exchange
Changes made to the technique in the Tax Cuts and Jobs Act
Advantages and disadvantages of paying the tax versus using an exchange
Understand the definition of like-kind property
Understand what a qualified intermediary is
Understand the need for an exchange accommodation title holder
Understand a reverse exchange
Understand a build-to-suit exchange
Understand the forty-five-day rule and how to calculate it
Precautions for property identification
Investment property versus property held for sale

Prerequisites

None

Designed For

CPAs, EAs, attorneys, financial planners, insurance agents, and bankers

Objectives

To provide tax practitioners with an understanding of the mechanics of a tax-deferred exchange and the value of applying it in tax and financial planning