David Gorenberg will be presenting "Converting a An amount borrowed or the balance owed on a loan, excluding interest or the money that is used to pay down the balance owed on a loan. Principal Residence to Investment Property to Minimize Taxes by Combining Sec.121 and Sec. 1031” as part of Accruit's monthly webinar series. This educational webinar will provide a comprehensive discussion of converting a principal residence to investment property in order to minimize taxes by combining §121 and §1031 on one transaction.

Topics discussed will include:

• Review of IRC § Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange rules
• Review of IRC §121 rules
• Review of Revenue Procedures 2005-14 and 2008-16
• Converting primary residence to rental/investment property
• Application of §1031 and §121 to the sale of converted property

Register for free at this link.