Benefits of the 1031 Exchange: Improved Exchanges, Reverse Exchanges and More (MLTO18A)

Enjoy the Tax Benefits of a 1031 Exchange Before it’s too Late!

In the context of real estate and taxation law, IRC Section 1031 (a) (1) would be the closest personification of the proverb "Make hay while the sun shines" – especially now with threats to remove 1031 exchanges from the tax code! People who understand the 1031 provision in its entirety have been using it in the best possible manner and reaping rewards, but there’s a still vast majority that finds it difficult to wrap their heads around the various terms and clauses that mystify and keep them away from 1031 exchanges.

Join real estate and taxation expert Greg Lehrmann to bust the myths that surround 1031 tax-deferred exchanges. Lehrmann will explain the benefits of 1031 exchanges, improvement exchanges, reverse exchanges, and also discuss the prerequisites to qualify, entity issues, exchange time frames, and other legalities around 1031 exchanges. The core agenda of discussing “benefits of exchanging versus traditional buying/selling and paying taxes” will be supplemented by FAQs on personal property exchanges; deferring the right proportion of tax; and understanding of exchange accommodation titleholder (EAT) and qualified intermediary (QI), among others. Lehrmann will specifically spare the last fifteen minutes of the webinar for questions and answers.

After attending this webinar, you will clearly understand why people perform exchanges; when the exchanges can be done; and how to protect exchangers. Plus, you’ll be confident in your ability to advise clients about 1031 exchanges.

Session Highlights

This session will bring you up to speed with:

• The benefits of “exchanging” versus selling and paying taxes
• What qualifies for exchanges – the surprising breadth of “like-kind” with some property types
• Personal property exchanges – which are more limited than real estate and minerals
• The difference between “exchanges” and “swapping”
• Improvement exchanges
• Reverse exchanges
• Entity issues
• How to defer all/some of the tax
• How to ensure your exchange is done properly and safely

NASBA & IRS Category of Study: Taxes

Level: Basic

Who Should Attend

• Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Tax Practitioners
• Accountants
• Bankers
• Financial Advisors
• Small Business Owners
• Attorneys
• Title Company Personnel
• Investors
• Real Estate Fund Professionals
• Realtors and Developers
• Estate Managers
• Property Owners
• Title Company Personnel
• Real Estate Brokers
• Principals