While tax reform visions have changed the tax on profits realized from the disposition of real estate, investors still seek escape hatches from the capital gain tax. Tax-deferred exchanges permit the disposition of property often with the taxpayer receiving significant cash but without the payment of any tax. Functionally, an exchange is a bridge over the normally taxable event of moving from one property to another. This course alerts the practitioner to the different planning opportunities that surround exchanging. Participants will be able to identify, analyze, and handle effectively the complex tax problems that arise under 1031. This understanding will be directly applied to the structuring and audit survival of multi-party and delayed exchanges.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Identifying the provisions designed to expand retirement plan coverage and increase retirement savings;
Describing the provisions designed to enable plan participants to preserve their retirement income;
Listing the provisions that simplify retirement plan rules; and
Identifying those provisions designed to enhance federal revenue.
Major Topics
- ERTA & TEFRA
Exchanging vs. Installment Sales
Code Language
Qualified Transaction
Like-Kind Property
Partial Tax-Deferral
Examples of Boot
Property Boot and Mortgage Boot
Depreciation Eras
- ERTA, ACRS, & MACRS
Land vs. Improvements
Exchange Mechanics
Figures for Computation
Two-Party Exchanges
Two-Party-Plus Exchanges
Non Simultaneous Delayed Exchanges
Warehousing & Pot Method
Accommodators & Intermediaries
