Description

This class covers the primary components of a Section 1031 tax-deferred exchange of real estate. The course includes discussions on the history of Section 1031 and current issues related to this portion of the IRS Internal Revenue Code. Students will learn which properties qualify for a 1031 exchange, the specific rules and time limitations involved in an exchange, and the proper method of reporting an exchange to the IRS. Additionally, students will understand the impact of an exchange by calculating the capital gains tax due if a property is sold rather than exchanged, determining the reinvestment requirements for an exchange, and recognizing the requirement for control of funds during the exchange.

No refunds offered for this course.