Even the most lucrative sale of investment property includes one major downside… taxes!! But what if you don’t sell the property – and you exchange it instead? A properly structured 1031 exchange allows investors to sell investment properties and reinvest the proceeds in a new property, all while deferring capital gains taxes.

1031 Exchanges

Like anything having to do with the IRS tax code, properly structuring and completing a 1031 exchange is an incredibly complex process wrought with pitfalls.

This CLE course provides practitioners with a comprehensive review of IRC 1031 tax deferred exchanges and the real estate transactions that utilize this tax deferral strategy. A 1031 expert, attorney J. Paul Spring will mainly cover the history of 1031 tax deferred exchanges, the reasons for employing IRC 1031 and key requirements when structuring the 1031 exchange. In addition to discussing the legal requirements of the 1031 exchange, Mr. Spring also discusses number practical considerations that arise in these complex transactions.  To access the course please click here: A Practical Approach to 1031 Exchanges.

This CLE course will also address the following topics:

  • The Starker Exchange
  • Key benefits of the 1031 exchange
  • REITs
  • 1031 investment property converted to a primary residence
  • Key exceptions
  • The like kind requirement
  • Leases & options
  • Types of 1031 exchanges
  • Sales contract language
  • The equal or greater value requirement
  • Flipping properties
  • The timing of transactions
  • Identifying the replacement property
  • Related properties
  • Reverse exchanges

Mr. Spring has been a practicing attorney in California for more than thirty years, specializing in real estate, title insurance, business law, tax-deferred exchanges, trust law and short-sale transactions. He is currently the President of Investment Capital Resources.

This CLE course is offered in the following states:

  • Alaska (AK)
  • Arizona (AZ)
  • California (CA)
  • Connecticut (CT)
  • District of Columbia (DC)
  • Illinois (IL)
  • Maryland (MD)
  • Massachusetts (MA)
  • Michigan (MI)
  • Missouri (MO)
  • New Hampshire (NH)
  • New Jersey (NJ)
  • New York (NY)
  • North Dakota (ND)
  • Pennsylvania (PA)
  • South Dakota (SD)

Attorney Credits offers CLE for attorneys in California and around the country. For more information about CLE in California please click the following link: CA CLE.