Selected Section 1031 Issues: Beyond the Basics

This course will address selected topics that arise in the course of IRC Section 1031 like-kind exchanges, including the scope of the post-2018 restriction of Section 1031 to real property, structuring exchanges involving the construction of new improvements, the interaction of bonus depreciation rules, and Section 1031 and current approaches to partnership "divorce" transactions were partners (or LLC members) wish to go separate ways on sale of common property. The presentation will assume a basic knowledge of Section 1031 principles, including those affecting deferred exchanges.

1. Identify the types of property interests that do and don't qualify for Section 1031 treatment

2. Explore how to trade into construction projects

3. Recognize the benefits and consequences of cost segregation studies where relinquished or replacement properties are subject to a Section 1031

4. Appreciate structuring options available for partners wishing to go separate ways on the sale of a common property