| Attend upcoming webinar and earn continuing education credits. | 1031 Exchange Issues for Today's Market | | | | | | | | February | | | | 7 | | 1 pm - 2:15 pm ET | | | Presenter: Scott Saunders, Senior Vice President with Asset Preservation, Inc. | | | 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 | | | | | | | | | | | | In this webinar, you will receive a concise and thorough overview of IRC Section 1031 tax deferred exchanges. You will learn how to address applicable Revenue Rulings, PLR's, and other recent IRS guidance on current issues related to Section 1031 exchanges. You will also learn how to help taxpayers owning commercial property in an LLC or partnership prevent issues at closing. Upon completion of this course, you will be able to: - Differentiate which types of real property qualify and do not qualify for a 1031 exchange
- Apply the criteria the IRS uses to distinguish property held primarily for sale versus property held for investment (We will review a recent case where a taxpayer claimed their intent changed from holding for sale purposes to investment purposes.)
- Interpret critical IRS time deadlines in delayed exchange, "like-kind" requirements including creative property variations like easements, transferable development rights (TDRs), oil/gas/mineral rights, partnership/LLC scenarios (and choose how to best structure in advance of a 1031 exchange)
- Construct reverse and improvement exchanges, related party transactions
- Navigate LLCs, partnerships, trusts and other entity issues
- Evaluate like-kind real property including creative property alternatives like Delaware Statutory Trusts (DSTs) and1031 exchanges of vacation homes, using a review of Rev. Proc. 2008-16
- Identify the process and requirements for full or partial tax deferral (and formulate why boot may be beneficial for some taxpayers)
- Utilize the 45/180 day time deadlines (along with situations where taxpayers may have less than 180 days to perform an exchange or may have more than 180 days to exchange)
- Master the three identification rules and how to properly identify replacement property
- Execute related party rules and analyze a recent related party tax court decision
- Identify reasons why taxpayers exchange and demonstrate how a tax deferred exchange can help taxpayers improve their position in the market
- Identify the latest exchange trends affecting investors in 2018;
- Demonstrate how parking arrangements (reverse and improvement exchange formats) can help taxpayers in markets with little available inventory
- Identify common pitfalls and questions regarding 1031 exchanges
- Explain Qualified Intermediary (QI) due diligence and know the questions to ask before selecting a QI
- Prepare in advance to help taxpayers avoid issues at closing if only some of the LLC members or partners want to exchange including the "drop and swap," "swap and drop" and Partnership Installment Note (PIN) approaches
| | | | | | | | | | Scott R. Saunders is Senior Vice President with Asset Preservation, Inc. (API), a leading national IRC §1031 Qualified Intermediary, that has successfully completed over 160,000 §1031 tax deferred exchanges throughout the nation. Scott holds a Business Economics degree from the University of California at Santa Barbara. He is the contributing author to the book Real Estate Exchanges: Using the Tax Deferred Exchange in Real Estate Investment Management, and has been featured in The Wall Street Journal, CNBC and Forbes Real Estate Investor. Mr. Saunders is a Board Member of the Federation of Exchange Accommodators, the national IRC Section 1031-exchange industry trade association. | | | | | | | | | | | ● Earn continuing education credit for no additional fee
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