Course Individually
Course Description
Tax Planning Using Like-Kind Exchange Transactions is a course that will review the topic of like kind exchanges under Section 1031 of the IRC. This course will explore whether a Like-Kind Exchange can be used to defer taxes upon the sale of real property. This course will provide examples of allowed and not allowed exchanges under Section 1031. This course will describe the advantages and disadvantages of using Section 1031. This course will describe when it is appropriate to use a Qualified Intermediary in effecting a Like-Kind Exchange. This course will review the different types of Like-Kind Exchanges. Finally, this course will describe a Delaware Statutory Trusts, known as DSTs, how it can be used in obtaining replacement property on a timely basis.
NOTE - This is a Video Self-Study Course
Learning Objectives
At the end of this course, students will be able to:
- Identify when a Like-Kind Exchange (LKE)can be used to defer taxes upon the sale of real property.
- Recognize when it is appropriate to use a Qualified Intermediary in effecting a Like-Kind Exchange.
- Define a DST and how it can be used in obtaining replacement property on a timely basis.
- Recognize ways to appropriately use the LKE structure in unusual situations.
CPE Credits: 2 CPE for CPAs
Level: Intermediate
Instructional Method: Self-Study
NASBA Field of Study: Taxes
Program Prerequisites: None
Advanced Preparation: None
Revision Date: March 21, 2023
