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This course covers like-kind exchanges in detail, and it reflects the recent 2017 Tax Cuts and Jobs Act that limits those exchanges to real property.

We provide in-depth coverage of the key aspects of Section 1031 like-kind exchanges, including potential uses for such exchanges (such as “drop and swap” planning), requirements to qualify an exchange for nonrecognition treatment, and implications of like-kind exchanges (including tax basis and holding period rules concerning properties received in such an exchange).The course describes considerations concerning non-qualifying property (i.e., boot) and liabilities, which are often present in like-kind exchanges. It explains practical concerns that can apply to like-kind exchanges, and approaches that have been developed to address them including multiple party exchanges, deferred exchanges (including the qualified intermediary, qualified trust and qualified escrow safe harbors) and “reverse” exchanges. It also covers other aspects of like-kind exchanges, including tax reporting requirements.

While tax professionals will find the technical aspects of these courses helpful in  comprehensively understanding the Section 1031 like-kind exchange rules, it will also be valuable to real estate professionals, finance and accounting executives, accountants dealing in business and individual planning (including trusts and estates) and others who invest in real property or might otherwise benefit from knowledge of the like-kind exchange rules.

Course Key Concepts: Tax, Like-kind exchange, Tax-free exchange, Real Property, Deferred exchange, Reverse exchange, Qualified intermediary

Learning Objectives

  • Discover innovative uses for like-kind exchanges
  • Identify requirements for like-kind exchanges
  • Explore key implications of like-kind exchanges
  • Recognize potential exposures concerning like-kind exchanges, and ways of mitigating those exposures
Last updated/reviewed: February 2, 2020

2 Reviews (6 ratings)Reviews

4
Member's Profile
Would appreciate more examples in the presentation - to cover more specific real life transactions. Or, more working through the math alongside IRS definitions/precidents and real deal terms. A working excel model, such as provided for other classes covering cash flow budgeting, might help as well. For one who is interested in the topic but has not handled a transaction in real life, more examples might help bridge gaps in terminology as well--had to research triple net leases offline for example, so my time to finish the course to well over the estimate. Thank you for the great presentation and valuable knowledge!!
4
Anonymous Author
I found the 1030 exchange class to be insightful and helpful as a good refresher class. I hope that this gets a second follow up

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
Introduction And Overview
  13:10Introduction to Like-Kind Exchanges under Section 1031 of the Internal Revenue Code
  13:45General Statutory Requirements
  6:21Multiple Properties
  13:22Basis and Holding Period Rules
  5:33Multiple Party Exchanges
  9:25Deferred Exchanges
  9:01Deferred Exchanges Cont'd
  6:48Reverse Exchanges
  5:07Other Aspects
Continuous Play
  1:22:32Like-Kind Exchanges under Section 1031 of the Internal Revenue Code
Supporting Material
  PDFSlides: Like-Kind Exchanges under Section 1031 of the Internal Revenue Code
  PDFLike-Kind Exchanges under Section 1031 of the Internal Revenue Code Glossary/Index
Review And Test
  quizREVIEW QUESTIONS
 examFINAL EXAM