Attend upcoming webinar and earn continuing education credits. | | April | | 20 | 3 pm - 4:15 pm ET | | Presenter: Dal Houston, Managing Member of Benson & Houston, P.L.L.C. | | Credits: CPE, CLE in all states (Credit Details) | | Can't attend live? By registering, you will be able to view the course live, view a recording at any time after the live presentation, or both. | | Viewing Options: View on your computer, tablet, or smartphone | | | | | | | | | | Section 1031 provides there is no gain or loss recognized when property held for productive use in trade, or business, or investment is exchanged for like-kind property. In this webinar, you'll learn about the requirements of Section 1031 and how to effectively utilize these exchanges. Upon successful completion of this course, you will be able to: - Identify the relevant portions of I.R.C. §1031, including:
- Nonrecognition of gain or loss from exchanges solely in kind
- The requirement that property be identified
- The requirement that exchange be completed within 180 days after transfer of exchanged property
- Describe the types of property that can be exchanged, including:
- Real property
- Personal property
- Define like-kind property (real property)
- List the requirements that must be met to effect a tax-free exchange
- Distinguish between simultaneous exchanges and deferred exchanges
- Describe deferred exchange using a qualified intermediary
- List identification and receipt requirements and replacement property identification rules
- Identify simple rules for determining the amount of gain and basis in replacement property
- Recognize pitfalls to avoid and common questions and concerns regarding exchanges
- Compare reverse exchanges and construction exchanges
- Utilize strategies for selling before your purchase
- Identify who can act as an intermediary
- Explain how to report an exchange
| | | | | | | Dal Houston is the Managing Member of Benson & Houston, P.L.L.C., and Managing Member of D.L.H Exchange Company, L.L.C., and related exchange entities. Mr. Houston's primary practice is in real estate transactions and Section 1031 Like-Kind Exchanges. | | | | | | | | | ● Earn continuing education credit for no additional fee ● Access courses on your computer, tablet, or smartphone ● More than 75 live webinars each month ● More than 1,000 on-demand courses | | | | | |
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