SECTION 1031 REAL PROPERTY LIKE-KIND EXCHANGE

Course overview

With the increased interest in single family homes as investments, more professionals are finding themselves involved in Section 1031 transactions. Section 1031 of the Internal Revenue Code provides a tax-deferral mechanism that allows investors to accumulate wealth from certain types of real property exchanges. By precisely following the Section 1031 rules, a taxpayer can dispose of an appreciated asset and purchase a new one with the proceeds without owing immediate capital gains tax. This advanced course provides an explanation of who, what, where, when, and how such a tax-deferred exchange is accomplished.