Like Kind Exchanges (Completed)

Date: Monday, June 14, 2021
Instructor: Allison McLeod
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Join Allison McLeod, CPA, LL.M for a discussion on like-kind exchanges (LKE), known as one of the last great tax legal “shelters” available to those buying and selling real property. We will be covering the basic structure of a LKE, and ways a taxpayer can utilize qualified third party intermediaries (QI), tenancy-in-common structures including Delaware Statutory Trusts (DST). We will also explore creative solutions to sticky situations a taxpayer may find itself in obtaining replacement property. This course is ideal for CPAs, EAs, lawyers, real estate professionals, accountants or other tax professionals.

Topics Covered

  • Basic structure of a LKE
  • Ways a taxpayer can utilize qualified third party intermediaries (QI)
  • Tenancy-in-common structures including Delaware Statutory Trusts (DST)
  • Creative solutions to sticky situations a taxpayer may find itself in obtaining replacement property

Learning Objectives

  • Differentiate whether a LKE can be used to defer taxes upon the sale of real property
  • Recognize when it is appropriate to use a QI in effecting a LKE
  • Describe a DST and how it can be used in obtaining replacement property on a timely basis
  • Identify ways to appropriately use the LKE structure in unusual situations

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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