Please join us for a discussion on like-kind exchanges (LKE), known as one of the last great tax legal “shelters” available to those buying and selling real property. We will be covering the basic structure of a LKE, and ways a taxpayer can utilize qualified third party intermediaries (QI), tenancy-in-common structures including Delaware Statutory Trusts (DST). We will also explore creative solutions to sticky situations a taxpayer may find itself in obtaining replacement property. **Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com
Learning Objectives
Determine whether a LKE can be used to defer taxes upon the sale of real property. Know when it is appropriate to use a QI in effecting a LKE. Define a DST and how it can be used in obtaining replacement property on a timely basis. Become knowledgeable about ways to appropriately use the LKE structure in unusual situations.
Major Topics
Like-kind exchanges (LKE) Qualified third party intermediaries (QI)
