Advanced 1031 Like-Kind Exchange
Summary:
This class is for those preparers who have an understanding of the 1031 like-kind exchange and are looking to expand on their knowledge and planning ability connected to this strategy. Following a quick review of the basics this class will dive into the depreciation strategies around the basis election, the application of a combined 1031- 121 combination, and more complex situations that arise around this code section.
Objectives
Upon completion of this course, you will be able to:
Analyze and understand the basis election impact
Look at planning options for utilizing a 1031 in conjunction with a 121 exclusion
Understand the impact of 1245 property property within a like-kind exchange
Report a multi-asset exchange
Details:
Duration: 100 Minutes
CE Credits: 2 CE
Level: Advanced