May
03
ATGF CLE Course: 1031 Exchanges
Accruit's Matt Douglas will be presenting a CLE Webinar: General Concepts of 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 s through ATG, Attorney's Title Guaranty Fund. Matt looks forward to discussing the following topics:
- Overview of 1031 eligibility requirements and how to satisfy like-kind, qualified use, and same-taxpayer requirements
- How to avoid taxable “boot” and fully defer all tax liability
- Timing and identification rules, and the role of a Qualified A person acting to facilitate an exchange under section 1031 and the regulations. This person may not be the taxpayer or a disqualified person. Section 1.1031(k)-1(g)(4)(iii) requires that, for an intermediary to be a qualified intermediary, the intermediary must enter into a written "exchange" agreement with the taxpayer and, as required by the exchange agreement, acquire the relinquished property from the taxpayer, transfer the relinquished property, acquire the replacement property, and transfer the replacement property to the taxpayer. Intermediary in an exchange
- Common pitfalls and misconceptions
- Introduction to “reverse” and “improvement” exchanges
Accruit's Marty Edwards, a long-time member of ATG will be joining the discussion.
11 AM - 12 PM
Virtual