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1031 Exchanges New

Course Description

Course Description:

Section 1031 of the Internal Revenue Code allows for a tax deferment on the exchange of “like kind” income – producing property. In essence, an individual may trade an old income – producing or commercial capital asset for a new one of “like kind” without paying tax on any of the gains. Instead, the tax is deferred until the chain of exchanges is permanently broken.

Commercial real property can qualify for a tax – deferred exchange, providing that the transaction is properly managed through the cooperation of many different professionals. This module outlines the uses of 1031 exchanges, covering what constitutes exchangeable property, the definition of “like kind,” the roles of different professionals in 1031 exchanges, the benefits and drawbacks, as well as the different types of exchanges commonly used for real estate transactions.

A real estate professional familiar with the Section 1031, its meaning, use and scope, will be able to expand his or her clientele base and will be better equipped to advise investor and commercial clients over the course of their transactions, from the property finding phase through closing.

LEARNING OBJECTIVES:

  • Be able to identify motivated buying and selling clients.
  • Be able to identify the restrictive rulings of the 1031 exchange program.
  • Know charitable strategies of creating income and tax relief for individuals or families owning highly – appreciated real estate.
  • Know the parameters that the IRS uses to define a valid “like kind” exchange.
  • Know the pros and cons of various exchanging alternatives.
  • Know the mechanics of a successful tax – deferred exchange and the role of each party in those exchanges.
  • Be familiar with exchange documentation and the role of a qualified intermediary.
  • Understand what constitutes “boot” and how to deal with it.
  • Know how to calculate whether or not a sale is to be preferred over an exchange.

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Any applicable completion certificates or affidavits can be printed after completing the course and final exam.

Testing

Quizzes – There is a quiz at the end of each lesson to test comprehension of the subject matter.

Final Exam – Passing Grade 70%. You can take the final three times.

About The Subject Matter Expert

This course is created and brought to you by 360Training, a leading provider of accredited e – learning courses to working professionals through today’s leading schools, associations and corporations. 360Training’s high quality e – learning courses assist thousands of working professionals each month in a wide range of disciplines to succeed in today’s marketplace, renew licenses, acquire certification or prepare for a new profession.

Support

If you have any requests for technical support please contact the 360Training Support Department located in the HELP section of your account profile. Technical support inquiries are handled immediately.

State Requirements

Our real estate CE courses meet the requirements of the Michigan State Board of Real Estate Brokers & Salespersons.

PRICE:

$19.95

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