Fundamentals of 1031 Exchanges

Wednesday, September 29, 2021
Webcast or Webinar, Online
11:00AM - 6:30 PM (opens at 10:30AM) EST
8Credits
Technical Business

Registration is Closed

Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.

Members
$289.00 Regular Price
Non-Members
$389.00 Regular Price
Course Type: Webcast
Course Code: 21/29298678
Level: Intermediate
Vendor: California CPA Education Foundation
Field of Study: Taxes

Overview:

Cover critical aspects, common problem areas and strategies for successful 1031 exchanges. Examine Form 8824 preparation, replacement property adjusted basis computations, advanced 1031 strategies and more. Study advanced 1031 exchange strategies such as reverse exchange, partners/TIC structures, and improvement exchanges (including "Bartell" parking arrangements). Bring questions and increase your expertise. Updated in 2018 for effects of 2017 tax reform act.

Objectives:

Recognize how to prepare IRS Form 8824. Determine 1031 exchange mathematics, including napkin test, boot and adjusted basis. Identify conceptual issues in 1031 exchanges. Discover advanced concepts, such as improvement exchanges, reverse exchanges, non-safe harbor exchanges and drop-and-swap. Determine ethics and client counseling issues. Identify how to evaluate and counsel clients about risk.

Major Topics:

Statutory framework for 1031 exchanges Business and investment property characterization Deferred exchange rules and techniques Exchange mathematics: boot, gain and basis Reporting for failed exchanges (over two tax periods) Improvement, reverse and non-safe harbor exchanges Partnership and TIC issues: IRC Sec. 761

Designed For:

CPAs, attorneys, CFPs, enrolled agents, real estate and tax professionals.

Prerequisite:

Basic knowledge of tax return preparation or familiarity with investment real estate planning, brokerage or operations.