1031 Like-Kind Exchanges: Pursuing Opportunities in a Rebounding Market

Mastering Complex Tax Rules and Leveraging the New Net Investment Income Tax

Recording of a 90-minute premium CLE webinar with Q&A

Conducted on Wednesday, August 28, 2013

Recorded event now available

or call 1-800-926-7926
Course Materials

This CLE course will provide real estate counsel with a review of Section 1031, examine the requirements for like-kind property exchanges to receive tax deferrals, and analyze tax opportunities available to property owners in a rebounding real estate market.

Description

Sec. 1031's provisions on like-kind exchanges force important questions for counsel to investment and business owners. What kind of property is eligible for tax deferment? Do exchanges have to take place simultaneously? What considerations are there for deals involving some non-like-kind property?

A qualified intermediary is required to facilitate a 1031 exchange, and transactions can involve forward exchanges or complex reverse exchanges and parking arrangements. There are a number of pitfalls for the unprepared, such as exchanges between related parties and partnership exchanges.

The economic recovery along with the introduction of the Net Investment Income Tax make Section 1031 a valuable tool once again for real estate counsel to structure tax deferred exchanges going forward.

Listen as our authoritative panel of tax attorneys and advisors provides a guide to the tax deferment opportunities presented by IRC Section 1031, an examination of the requirements for an exchange to be deemed "like-kind," and the sometimes complex transactions that can be formed to qualify.

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Outline

  1. Material aspects of Section 1031
    1. Statutory requirements
    2. Calculating gain
    3. Variations
  2. Section 1031 considerations
    1. Reverse exchanges
    2. Related parties
    3. Entity considerations

Benefits

The panel will review these and other key questions:

  • What types of exchanged properties are more likely to be considered sufficiently "like-kind" and receive tax deferral?
  • What are the potential dangers of Sec. 1031's so-called "holding period requirement"?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Ricky Novak
Ricky Novak
CEO
Strategic 1031 Exchange Advisors

Mr. Novak's firm provides real estate and tax consulting services for clients structuring complex real estate...  |  Read More

John (Trey) Webb
John (Trey) Webb
Shareholder
Bennett Thrasher

He has over 17 years of experience providing tax and consulting services to business clients and individuals. He...  |  Read More

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