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Fundamentals of 1031 Exchanges - Webcast (8091494A)

 
REGISTRATION STATUS: Online Registration for this event is closed. Please contact your Program Associate or Customer Services.

Updated for 2009! This is your authoritative course that covers all the critical fundamentals of Sec. 1031 exchanges. You'll review new rules, common problem areas and strategies for executing successful exchanges. Plus, you'll participate in a complete Form 8824 preparation exercise that includes all of the important details, including replacement property adjusted basis computation, and allocation for depreciation life and method.

Date:Monday, November 16, 2009
Time:8:30 AM - 4:30 PM (Registration at 8:15 AM)
Facility:California CPA Education Foundation, Redwood City
Area:Webcast
CPE Credit:1.0 CTEC California Hours
6.0 CTEC Federal Hours
6.5 MCLE (Min Cont Legal Educ)
6.5 Taxation Law
8.0 CPE (Continuing Professional Education)
Instructor: G. Scott Haislet , CPA, Esq.
Developer:G. Scott Haislet
NASBA Subject Area:Taxes
Delivery:Group Internet-Based
Course Level:Intermediate
Fee:$255 CalCPA Members, $295 Nonmembers
Member Group Discount:($60)
Nonmember Group Discount:($60)
Coupon Fee:$0
VP Fee:$0

Objectives:
  • Understand how to prepare IRS Form 8824.
    • Understand how depreciation works for replacement properties
  • Learn 1031 exchange mathematics--including "napkin test" and "boot".
  • Spot conceptual issues in 1031 exchanges.
  • Explore ethics and client counseling issues.
  • Evaluate and counsel clients about risk.
    •

    Major Topics:
  • Statutory framework for 1031 exchages
  • Characterization of "business" and "investment" property
  • "Deferred" exchange rules and techniques
  • Exchange mathematics-boot, gain and basis
  • Vacation homes as 1031 property
  • Reproting for "failed" exchanges (over 2 tax periods)
  • Introduction to related party issues - IRC Sec.1031(f)
  • Introduction to improvement exchanges
  • Introduction to "reverse" exchanges
  • Introduction to partnership and TIC issues - IRC Sec. 761
    •

    Designed for:

    CPAs, attorneys and real estate professionals interested in an update, review or opportunity to discuss specific 1031 questions.

    Prerequisite:
    None

    Advanced Preparation:
    None


     
     
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