Advanced 1031 Exchange Concepts and Opportunity Zones

$199.00

SKU: 410011

Description

Explore advanced topics in 1031 Deferred Exchanges and Opportunity Zones.
If tax law were music, 1031 exchanges and Opportunity Zones are the punk rock of the tax code. This session turns the volume up to eleven, going deep into complex 1031 structures improvement exchanges, related party ground leases, reverse exchanges, and improvement exchanges. Property identification issues, constructive receipt, and real propertypersonal property issues are covered in the context of recent regulatory and judicial guidance. Opportunity Zones are compared and contrasted to 1031 exchanges with an emphasis on combining the strategies into one model. OZ qualifying property and QOZQOZB structures are discussed in detail. The encore features advanced 1031 topics like DSTs, TICs, Drop Swaps, and recapture covered in real life examples.

Date: 2022-09-22 Start Time: 1:00 PM ET End Time: 2:40 PM ET

Learning Objectives

* You will be able to describe property identification issues.

* You will be able to identify 4 specialty type exchanges.

* You will be able to review the recent Judicial decision impacting 1031.

* You will be able to discuss OZ qualifying property and QOZQOZB structures.

1031 Exchange
• Post TCJA Real Property Requirement
• 15% Personal Property Exception
• Property Identification
• Held for Trade or Business vs Investment Requirement
• Constructive Receipt of Property
• Depreciation Recapture
• Specialty Type Exchanges
• Overview of Recent Judicial Decision Impacting 1031

Opportunity Zone
• Qualifying Property and Qualifying Assets
• Substantial Improvement Requirement
• Qof vs Qozb Structures and Best Practices
• Partnership Related Deferrals
• Asset Testing Rules
• Working Capital Safe Harbor Timelines
• Impact of COVID-19 Related Legislation on Timelines

AIPB ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Enrolled Agents ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Rob Nowak, CPA MST-Weaver