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

The 1031 exchange can be a powerful tool for investors. Under IRC Section 1031 (a) (1) the IRS does not recognize capital gains or losses when an investor exchanges a property used for conducting business for a like-kind property that will be used for business or for investment purposes. While the exchange is tax-deferred, it’s still a taxable event, so using a 1031 exchange must be done properly in order to take advantage of the deferral options.

This session with expert speaker Greg Lehrmann will help you fully understand why people perform 1031 exchanges, when they can do it, and how exchangers can be protected. The session will help tax and real estate professionals learn all the common myths about exchanges, as well as the important truths, and you’ll be able to appreciate the technical qualifications of 1031 exchanges.

After attending this session, you’ll be able to advise your clients about exchanges because you’ll know exactly how to handle them properly and safely.

Session Highlights

• 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
• “Exchanges” do not involve “swapping” with anyone
• Improvement exchanges
• Reverse exchanges
• Entity issues
• How to defer all the tax or some of the tax
• How to make sure 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
• 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