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Using a Like-Kind (§ 1031) Exchange to Reduce Taxes: Real Estate and Beyond  

CATEGORY: Taxation
2 CPE Credits
Level: Basic

This webinar will provide a practical, knowledgeable discussion of how and when taxpayers should consider implementing a “tax free” like-kind exchange under Code § 1031.

Taxpayers for many years have used this extremely popular Code provision to reduce or eliminate entirely the tax liabilities on a sale of real estate, by re-investing the net sale proceeds into new qualifying investments. Obviously, the ability to avoid taxes that would otherwise be due on sale (often 30% or more of the proceeds) and reinvest this amount in new property is a BIG incentive to learn how to navigate this important but often complicated area of law. 

This webinar will review the basic rules and identify all the necessary steps to implement successfully a like-kind exchange of real estate, including both a “deferred” or “Starker” exchange, where a relinquished property is sold and the proceeds are used, through a qualified intermediary, to aquire replacement property later in time; and also a so-called “reverse exchange,” where the replacement property is actually purchased before the relinquished property is sold. In addition, the webinar will explore the various opportunities beyond real estate where a tax-free exchange is possible, including exchanges of automobiles, airplanes, intellectual property, art works and even wine collections.

Instructor: Jay Darby
Instructor assignments are fluid and subject to change.

NOTE: The voluntary IRS Annual Filing Season Program (AFSP) requires that CE Sponsors collect PTINs from IRS professionals who wish to receive IRS credit. IRS PTIN holders (including Enrolled Agents) should enter their IRS PTIN into Checkpoint Learning so that course completions can be reported to the IRS. You do not need to enter your PTIN for each course you take; you only need to add it once. If you have any questions on how to do this, please contact us 800-431-9025.


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