Advanced Topics in Section 1031 Like-Kind Exchanges

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. 

Learning Objectives:

1. Describe the mechanics of a “reverse” exchange
2. Discuss the business and tax issues involved in separating partners in connection with an exchange
3. Assess the limitations of exchanges involving undivided tenancy-in-common (TIC) interests
   
4. Identify instances where an exchange involving an income tax–disregarded entities (such as most single-member LLCs) may be possible