| Attend upcoming webinar and earn continuing education credits. | Advanced 1031 Exchange Issues for Today's Market | | | | | | | | January | | | | 15 | | 1 pm - 2:40 pm ET | | | Presenter: Wes Pruett, owner of HR Advisors LLC | | | Credits: CPE, IRS EA, 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 advanced webinar, you will receive detailed guidance on IRC Section 1031 tax deferred exchanges. You will learn how to apply applicable Revenue Rulings, PLR's and other recent IRS guidance on current issues related to Section 1031 exchanges. Upon completion of this course, you will be able to: - Identify reasons why taxpayers exchange and recommend how a tax deferred exchange can help taxpayers improve their position in the market
- Practice the latest exchange trends affecting investors in 2018
- Interpret tax code provisions for taxpayers selling appreciated real property including:
- Section 121
- Differentiate the Section 121 primary residence rules and the Section 1031 exchanges rules
- Diagnose 3 scenarios involving Section 121 and Section 1031:
- (1) Split treatment exchanges (including allocation issues)
- (2) Converting a rental to a residence
- (3) Converting a residence to a rental (Rev. Proc 2005-14)
- Section 1031
- Distinguish which types of real property qualify and do not qualify for a 1031 exchange
- Execute 1031 exchanges of vacation homes and integrate a review of Rev. Proc. 2008-16
- Identify common pitfalls and solve questions regarding 1031 exchanges
- Section 453 (seller carryback installment sale)
- Employ five options for handling Section 453 seller financing in a 1031 exchange
- Section 721 (UPREIT)
- Classify like-kind real property and describe critical IRS time deadlines in delayed exchange, "like-kind" requirements including:
- Creative property variations:
- Easements
- Delaware Statutory Trusts (DSTs)
- Comparison of TIC versus DST fractional ownership
- Transferable development rights (TDRs)
- Oil/gas/mineral rights
- Partnership/LLC scenarios (and how to best structure in advance of a 1031 exchange)
- Reverse and improvement exchanges and related party transactions
- Describe the criteria the IRS uses to distinguish property held primarily for sale versus property held for investment
- Analyze a recent case where a taxpayer claimed their intent changed from holding for sale purposes to investment purposes
- Implement the process and requirements for full or partial tax deferral (and recommend why boot may be beneficial for some taxpayers)
- Utilize the 45/180-day time deadlines (and assess situations where taxpayers may have less than 180 days to perform an exchange or may have more than 180 days to exchange)
- Construct improvement/build-to-suit exchanges including solving specific identification requirements and the need for the taxpayer to receive like-kind improved real property within the 180-day exchange time period
- Execute three identification rules and demonstrate how to properly identify replacement property
- Evaluate related party rules and analyze a recent related party tax court decision
- Evaluate how parking arrangements (reverse and improvement exchange formats) can help taxpayers in markets with little available inventory
- Compare the pros/cons of the Reverse Exchange Relinquished Property Parked format and the Reverse Exchange Replacement Property Parked format
- Apply creative improvement exchange formats addressing improvements on new leasehold interests on property owned by taxpayers
- Prepare Qualified Intermediary (QI) due diligence and questions to ask before selecting a QI
- Display how taxpayers owning commercial property in an LLC or partnership can avoid issues at closing if only some of the LLC members or partners want to exchange, applying 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
● Access courses on your computer, tablet, or smartphone
● More than 75 live webinars each month
● More than 1,500 on-demand courses | | | | | | |
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