A Basic Guide to IRC 1031 Tax Deferred Exchanges
November 19, 2020 @ 10:00 am - 1:00 pm
Online Webinar A Basic Guide to IRC 1031 Tax Deferred Exchanges
Date: Thursday, November 19, 2020
Time: 10:00am – 1:00pm
Earn: 3 NY CE Credits (Realtors)/ 3 NY CPE Credits (Accountants)/ 3 NY CLE Credits (Attorneys)
Cost: Free – Open to the public
Instructors: James T. Walther, Esq., LL.M., and David J. Feeser, Esq.
Register: CLICK HERE TO REGISTER
Over the past 20 years IRC §1031 tax deferred exchanges have become an increasingly important part of real estate transactions. A §1031 exchange provides for a tremendous tax benefit by allowing owners of real property held for business or investment purposes to defer the capital gains tax normally due upon its sale by reinvesting the net proceeds in “like kind” real property.
This class will provide professionals with an overview of the §1031 exchange tax deferral process. Topics covered include: understanding capital gains and capital gains taxes, the property qualification requirements, the procedure for proper identification of replacement property, and closing procedures. In addition, we will discuss the practical aspects and pitfalls of the exchange process. Finally, the course will provide background to help professionals identify opportunities for their clients, such as: common investor motivations for utilizing an exchange, alternative exchange formats such as reverse and improvement exchanges, and common replacement property options considered by many investors.
Class presentations and written materials are comprehensive and targeted to professionals who may represent property owners, builders, developers, lenders, and other parties who may benefit from an IRC §1031 tax deferred exchange.
Whether you are new to §1031 exchanges or consider yourself well versed, this course covers a wide range of topics related to §1031 exchanges in an easy to learn format.
NY Attorneys: This course has been approved in accordance with the requirements of the New York State Continuing Legal Education Board for 3 Credits in Professional Practice. This program is transitional and is appropriate for both newly admitted and experienced attorneys.
NY Real Estate Brokers and Salespersons: This course has been approved by the New York State, Bureau of Educational Standards for 3 credits of continuing education.
NY CPE: 3 CPE credits are available under the Specialized Knowledge & Applications field of study. Legal 1031 Exchange Services, LLC New York Sponsor License # 002264.
AZ Attorneys: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 2.5 hours toward your annual CLE requirement for the State Bar of Arizona, including 0 hour(s) of professional responsibility.
This course should also qualify for credits in other reciprocity jurisdictions that do not require advance approval. Attendees are responsible for verifying reciprocity at their own accord.