Advanced Topics in Section 1031 Like-Kind Exchanges
Created on June 14, 2021
This course will take participants beyond the basic mechanics of a section 1031 like-kind exchange to learn about advanced topics in the area. The program will discuss "reverse" exchanges; approaches to separating partners in connection with an exchange; exchanges involving undivided tenancy-in-common (TIC) interests in real property; and exchanges involving income tax–disregarded entities, such as most single-member LLCs.
This program will benefit attorneys who have experience with section 1031 exchanges and wish to take a deeper dive into the law.
- Describe the mechanics of a "reverse" exchange
- Discuss the business and tax issues involved in separating partners in connection with an exchange
- Assess the limitations of exchanges involving undivided tenancy-in-common (TIC) interests
- Identify instances where an exchange involving an income tax–disregarded entities (such as most single-member LLCs) may be possible
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