Advanced Topics in §1031 Tax Deferred Exchanges

This course will offer attendees an in-depth discussion of advanced regulations for IRC §1031 Exchange and their applications in real estate transactions.  Topics covered will include involved structures such as Reverse Exchanges, Partnership and LLC entity planning considerations, seller financing, dollar value rules and misconceptions, identification of replacement property and growing passive investment alternatives such as DST offerings, and an overview of completing the IRS Form 8824.

Attendees will gain greater understanding of real estate exchange transactions and the ability to recognize and convey the benefits and components of a potential exchange to their investment clients.

Topics include:

• Motives and Future Benefits of Exchanging
• What is Like Kind (Vacation Homes, Resale/Flipping, Mixed Use/Partial Investment)
• Qualified Intermediary Role & Responsibilities
• Sale/Purchase Closing Process with an Exchange
• Dollar Value Rules: 100% tax deferred vs. Partial Exchange with Boot
• Seller Financing of Relinquished Property: Advantages and Disadvantages
• Selling a Business with Real Estate, Personal Property, Goodwill
• Exchange Accounts, Security of Funds & Processes
• Identification Timelines, Exceptions and Proper ID Methods
• Passive Options for Replacement Property Identification: Delaware Statutory Trust (DST) Programs
• Depreciation Advantage: How investing in a DST can add new depreciation for taxpayers with low or no basis.
• Vesting Requirements, Partnership & LLC Concerns and Planning
• Reverse and Improvement Exchanges: Structures and Considerations
• Tax Season Timing and IRS Form 8824 Reporting
• Available 1031 Resources, Q&A

Registration Form: 2024 Spring CPE Registration Form