Intro to 1031-Exchange Rules for Real Estate Transactions: Identifying Property, Required Documentation, Basis, Form 8824
A live 60-minute premium CLE/CPE video webinar
This CLE/CPE course will provide an overview of Section 1031 like-kind exchange rules and guide counsel through the complicated transactional process of real property exchanges. The panel will provide an overview of the components of like-kind exchanges, what property qualifies for like-kind exchanges, the exchange participants and their roles, understanding critical dates, Form 8824, and other necessary documentation.
Outline
- Framework of Section 1031 like-kind exchanges
- Eligible assets
- Timing requirements and use of qualified intermediaries
- "Boot," debt, basis, and gain calculations
- Structures
- Reverse exchanges
- Forward exchanges
- Entities and use of certain trusts
- Section 1031(f) related-party rules
Benefits
The panel will discuss these and other key issues:
- What types of exchanged properties are more likely to be considered sufficiently "like-kind" and receive tax deferral?
- What is the role--and restrictions--of the qualified intermediary?
- How to avoid the 1031(f) restrictions against related-party exchanges
- What are the requirements of Sec. 1031's "holding period requirement"?
Faculty
Clint Kakstys
Member
Sills Cummis & Gross
Mr. Kakstys’ practice focuses on the acquisition, disposition and financing of commercial properties. He... | Read More
Mr. Kakstys’ practice focuses on the acquisition, disposition and financing of commercial properties. He represents owners of properties throughout the U.S. in connection with purchases and sales, with particular emphasis on shopping center transactions. Mr. Kakstys also represents institutional lenders in the origination of commercial mortgage loans for their securitization and balance sheet lending platforms. His practice encompasses financing a variety of property types throughout the country, including retail, multifamily, office, hotel and industrial assets, and he has experience with a wide array of financing structures and deal features, including subordinate and mezzanine debt, 1031 and reverse 1031 exchanges, leasehold mortgages, industrial development agency interests and tenancy-in-common ownership. Mr. Kakstys also has experience representing clients in connection with loan purchases, sales and modifications and commercial leases and subleases.
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James Walther, Esq., LL.M.
General Counsel
Legal 1031 Exchange Services
Mr. Walther, Esq., LL.M. is General Counsel at Legal 1031 Exchange Services, LLC. In his role as General Counsel, he... | Read More
Mr. Walther, Esq., LL.M. is General Counsel at Legal 1031 Exchange Services, LLC. In his role as General Counsel, he supports the operations of the business and serves as a resource for Legal 1031’s clients and their advisors. Mr. Walther's professional background includes diverse legal experience as well as prior experience in real estate and consumer finance. Prior to working for Legal 1031, he worked for a Philadelphia law firm where he represented clients in a wide array of legal matters, including real estate matters, commercial litigation, tort, and employment matters. Mr. Walther has extensive experience representing and counseling clients in real estate matters, including eminent domain matters where he assisted both condemnees (owners of condemned property) and condemnors (government entities seeking to acquire property), real estate tax appeals, land use matters, and general matters concerning the ownership, possession, and sale of real property. His experience also includes working for a bankruptcy and consumer rights firm, where he helped individuals and businesses obtain debt relief.
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Cannot Attend February 20?
Early Discount (through 02/14/25)
You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.