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An Overview of IRC §1031 Reverse and Improvement Exchanges
June 15, 2021 @ 10:00 am - 11:00 am
Date: Tuesday, June 15, 2021
Time: 10:00am – 11:00am EDT
Earn: 1 NY/NJ CLE Credit (Attorneys)
Cost: Free – Open to the public
Location: Online Webinar
Instructors: James T. Walther, Esq., LL.M. and David J. Feeser, Esq.
Register: CLICK HERE TO REGISTER
I.R.C. §1031 tax-deferred exchanges provide tremendous tax savings by allowing owners of real property to defer the capital gains normally due upon the sale of their property. While the bulk of exchanges are structured as Forward/Deferred Exchanges there are scenarios where investors can benefit from the use of parking exchange structures to capitalize on the opportunity to acquire ideal replacement real estate before they sell relinquished real estate and also to potentially use tax-deferred proceeds to fund improvements to the property.
This complimentary advanced course will provide tax and legal advisors with the knowledge required to effectively represent the needs of their clients who are contemplating an exchange.
The seminar will cover:
- Parking the title to real estate with an Exchange Accommodation Title Holder
- Parking Safe Harbors of Rev. Proc. 2000-37
- Qualified Exchange Accommodation Agreements
- The reverse exchange process
- The improvement exchange process
Class presentations and written materials are comprehensive and geared for attorneys who may represent property owners, builders, developers, lenders, and other parties who may be involved in a tax deferred exchange. Whether you are newer to 1031 exchanges or consider yourself well versed this course covers advanced 1031 topics 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 1 Credit in Professional Practice. This program is transitional and is appropriate for both newly admitted and experienced attorneys.
NJ Attorneys: The Supreme Court of New Jersey Board on Continuing Education has approved Legal 1031 Exchange Services, LLC, NJ CLE Provider #620, to offer this course for 1 credit of New Jersey CLE. Of these, 0 qualify as hours of credit for ethics/ professionalism, and 0 qualify as hours of credit toward certification in civil trial law, criminal trial law, workers compensation law and/or matrimonial law. This course does not qualify for credit towards any of the nine new admit areas of practice. BCLE Reg. 302:10.
This course could also qualify for credits in reciprocity jurisdictions that do not require advance approval. Attendees are responsible for verifying reciprocity at their own accord.
In order to obtain continuing education credits:
Please be advised to be eligible to receive continuing education credits you will need to log into the webinar under your individual email address and remain in the WebEx meeting for the full duration of the webinar. Individuals log in and log out times will be verified. Participants will not earn course credit if they only attend by phone.
Also, you must complete the Attendance Affirmation and Evaluation Forms and submit them no later than three (3) days after the completion of the course. There will be slides with codes shown randomly throughout the presentation which you must list on the Attendance Affirmation Form. A link to the forms and class materials will be provided to you before the class.