1031 Exchanges: Identifying Property, Calculating Depreciation, Completing Form 8824, Tax Reform Changes
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will provide an overview of Section 1031, like-kind exchanges, so that both new and seasoned tax professionals, can better advise clients participating in these transactions. The panel will provide an overview of the components of LKEs including defining qualifying property, understanding critical dates, calculating the basis of property acquired, depreciating replacement property, how to complete Form 8824 and the effect of tax reform on these tax-saving devices.
Outline
- Introduction and types of 1031 exchanges
- Tax reform changes
- Identifying replacement property
- Qualified intermediaries and avoiding constructive receipt
- Critical dates
- Boot and partial exchanges
- Depreciation methods
- Reporting: Form 8824
Benefits
The panel will review these and other notable issues:
- The effect of recent tax reform on Section 1031 exchanges
- Taxation of boot received in a like-kind exchange
- Meeting the time deadlines for Section 1031 exchanges
- Depreciation treatment of property received in exchange
Faculty
Professor Bradley T. (Brad) Borden
Professor of Law
Brooklyn Law School
Professor Borden’s research, scholarship, and teaching focus on taxation of real property transactions and... | Read More
Professor Borden’s research, scholarship, and teaching focus on taxation of real property transactions and flow-through entities (including tax partnerships, REITs, and REMICs). He teaches Federal Income Taxation, Partnership Taxation, Taxation of Real Estate Transactions, and Unincorporated Business Organizations, and he is affiliated with the Dennis J. Block Center for the Study of International Business Law. His work on flow-through and transactional tax theory appears in articles published in law reviews including Baylor Law Review, University of Cincinnati Law Review, Florida Law Review, Georgia Law Review, Houston Law Review, Iowa Law Review, Tax Lawyer, and Virginia Tax Review, among others. His articles also frequently appear in leading national tax journals including Journal of Taxation, Journal of Taxation of Investments, Real Estate Taxation, and Tax Notes.
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Craig Brown
Vice President and Regional Manager
Investment Property Exchange Services
Mr. Brown has overseen the facilitation of more than 5,000 real and personal property exchanges with total values in... | Read More
Mr. Brown has overseen the facilitation of more than 5,000 real and personal property exchanges with total values in excess of $3 billion. He works with the firm's specialty divisions and GC for parking title exchanges and multiple asset exchanges. Mr. Brown has trained over 7,500 attorneys, CPAs, REALTORS® and escrow officers and conducts in-house training on like-kind exchanges, teaches like-kind exchange continuing education courses and is a frequent legal, real estate and tax association speaker.
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