On-Demand Video
CC

1031 Exchanges: Transactions with Related Parties and Business Split Ups 2024

  • City:
  • Start Date:2024-03-28 05:00:00
  • End Date:
  • Length:
  • Level:Various
  • Topics:Real Property

$299.00 ProPass

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This program is eligible for 3 hours of CLE credit in 60-minute states. In 50-minute states, this program is eligible for 3.6 hours of CLE credit. Credit hours are estimated and are subject to each state’s approval and credit rounding rules.

Overview

This program will cover certain common and advanced planning techniques involving like kind exchanges of real estate under Section 1031. First, the program will cover the essentials of the standard “forward” exchange structure as well as the more advanced “parking arrangement” that is allowed under Revenue Procedure 2000-37, which allows the exchanging party the ability to “buy” first and “sell” second. Next, the program will address exchanges involving a buyer and a seller that are “related parties,” either because the parties are entities with common ownership or are commonly controlled, which is a useful technique in a tight real estate market. Finally, the program will cover how a like kind exchange can facilitate the split up of a real estate partnership where one partner wants to cash out or the partners wish to do their own exchanges and go their separate ways. 

Recorded in March 2024.

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