Real estate attorneys, accountants, investors, brokers and related professionals face an industry with ever-increasing complexity. To survive and succeed in today's market, one must possess the knowledge, skill and creativity essential in negotiating the tax and legal issues in successful real estate investment.
The real estate market is greatly influenced by the tax considerations of a given transaction. Section 1031 Tax Deferred Exchanges offer real estate investors an effective vehicle to defer the recognition of gain upon the sale. Accordingly, a working understanding of 'exchange' laws, regulations and strategies is essential for real estate professionals.
This program is designed to take attorneys, accountants, brokers and investors to a higher level of knowledge and practical skill as concerns exchanging under IRC §1031.
- Brush up on the basics
- Delve into partnership and entity issues
- Explore reverse, construction, leasehold improvement exchanges
- Review the latest §1031 rulings
8:30 a.m. - 9:50 a.m.
I. The Basics
A. Pros And Cons Of Exchanging
B. Qualifying Property – Intent
1. Investor vs. Dealer Status
2. Vacation Homes
3. Combination 1031/121 Transactions
C. Exchange Requirement
9:50 a.m. - 10:00 a.m.
10:00 a.m. - 11:45 a.m.
II. Deferred Exchanges
A. Identification Period And Replacement Period
B. Safe Harbors
1. Qualified Intermediary/Disqualified Persons
2. Mechanics Of Direct Deeding
3. '(G)(6)' Limitations
III. Calculating The Effects On An Exchange
A. Closing Statement Issues
B. Realized vs. Recognized Gain – Offset Rules
11:45 a.m. - 12:45 p.m.
Lunch (On your Own)
12:45 p.m. - 1:10 p.m.
III. Calculating The Effects On An Exchange (continued)
C. Refinancing Issues
D. Replacement Property Basis
E. Related Party Rules
1:10 p.m. - 3:00 p.m.
IV. Current Issues
A. Reverse Exchanges
B. Partnership Issues
1. Drop And Swap
2. Swap And Drop
C. Improvements To Replacement Property/Build To Suits
D. Combination Exchanges/Installment Sales
3:00 p.m. - 3:10 p.m.
3:10 p.m. - 4:00 p.m.
V. Cost Segregation Studies
4:00 p.m. - 4:30 p.m.
VI. After The Exchange And Miscellaneous Items
A. Depreciation And Holding Period
B. State Issues