The Power Of Exchange: 1031How Real Estate Professionals Can Support Real Estate Investors
Expand Your Expertise & Your Business!
Learn About The Power of 1031 Exchange and Principle 1031 Exchange
A 1031 Exchange involves selling an investment property in exchange for some new “like kind” tax event. While a sale of investment property typically triggers a taxable event, a 1031 exchange, when done properly, allows a taxpayer to defer capital gains taxes on the property being sold. Please note the capital gains tax is merely deferred, not eliminated.
In this session, you’ll learn:
What is an IRC 1031 Tax Deferred Exchange (aka, “Like-Kind Exchange”, “Starker
Exchange” or “Tax-Free Exchange”)?
How does the IRS define “like kind” property and the other technical requirements of this Code section?
What are the benefits of deferring capital gains taxes?
Who or what is a Qualified Intermediary?
How much tax is deferred?
What are the requirements for reinvesting the money from the Relinquished Property?
What are the time factors for a 1031 Exchange?
What do I tell clients who are considering a 1031 Exchange?
Class Zoom info will be provided upon registration.
Wednesday, June 7, 2023 @ 1pm