Fundamentals of 1031 Exchanges | 4171492B

Date :
December 8, 2017 8:30 AM - 4:00 PM
Location :
San Francisco Peninsula
Facility :
CalCPA Conference Room C - Burlingame
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Level of Difficulty :
Intermediate
Member Price :
275
Nonmember Price :
375
CPE Credits :
CPE 8.00, ET 2.00, MCLE 6.50, IRS-TX 8.00, MCLE LS-TX 6.50, CTEC-TX 8.00
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This authoritative course covers critical aspects, common problem areas and strategies for successful Sec. 1031 exchanges, from deferred exchange rates to 1031 frameworks to partnership and TIC issues. Delve into a Form 8824 preparation exercise that includes replacement property adjusted basis computation and other details. Additionally, study advanced 1031 exchange strategies. Bring questions and be prepared to increase your expertise.

Materials are provided as an ebook.

Objectives:

  • Recognize how to prepare IRS Form 8824.
  • Determine 1031 exchange mathematics, including napkin test, boot and adjusted basis.
  • Identify conceptual issues in 1031 exchanges.
  • Outline advanced concepts, such as improvement exchanges, reverse exchanges, non-safe harbor exchanges and drop-and-swap.
  • Determine ethics and client counseling issues.
  • Identify how to evaluate and counsel clients about risk.

Major Subjects:

  • Statutory framework for 1031 exchanges
  • Business and investment property characterization
  • Deferred exchange rules and techniques
  • Exchange mathematics: boot, gain and basis
  • Reporting for failed exchanges (over two tax periods)
  • Improvement, reverse and non-safe harbor exchanges
  • Partnership and TIC issues: IRC Sec. 761

Advanced Prep:

None.

Misc. Information:

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Level of Difficulty:
Intermediate
Field of Interest:
Taxes
Prerequisites:

Basic knowledge of tax return preparation or familiarity with investment real estate planning, brokerage or operations.

Designed For:

CPAs, attorneys, CFPs, enrolled agents, real estate and other professionals interested in an update, review or opportunity to discuss 1031 questions, as well as professional staff who prepare or review income tax returns.

Instructors

G. Scott Haislet, CPA, Esq., CSTL

G. Scott Haislet practices in the areas of taxation, real estate, estate planning, and 1031 exchanges. He is a California attorney and CPA, and 1031 qualified intermediary (“accommodator”).He is a Certified Specialist in Taxation Law, California State Bar Board of Legal Specialization, and represented the victorious taxpayer in Owens v. Commissioner, Tax Court Memorandum 2017-157. Haislet writes and lectures frequently about tax, real estate, finance and estate planning and legal issues, and has authored continuing education courses for real estate and tax professionals.

Haislet teaches two different 8-hour CalCPA Education Foundation courses – one on 1031 exchanges and one on real estate taxation. He has appeared periodically on San Francisco radio regarding real estate (most notably KNBR-680 AM’s “Ray Brown on Real Estate” program), and has been quoted in the Wall Street Journal, San Francisco Chronicle, USA Today, Kiplinger, and other publications. He is a member of the State Bar of California (Tax Section), the United States Tax Court Bar, the Contra Costa County Bar Association (past Tax Section chairman), the AICPA and CalCPA. He was chairman for many years for CalCPA’s Real Estate Conference, and is past president of CalCPA’s East Bay Chapter.

Haislet holds degrees from the University of Michigan School of Business and from Taft Law School. He formerly practiced with Price Waterhouse, and was an investment executive with Merrill Lynch. He was a sports writer, covering Major League Baseball, National Football League, National Basketball Association, National Hockey League, NCAA football and basketball, among other things (that was a long time ago; he is older than he looks!) “G” stands for Gerald.

Materials:

  • Materials - ebook
  • Materials - Hardcopy Textbook