Like-kind Exchanges in Real Estate Transactions

Overview

Description:

Please join us 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 cover the basic structure of a LKE, and ways a taxpayer can utilize qualified third-party intermediaries (QI), and tenancy-in-common structures including Delaware Statutory Trusts (DST). We 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.

Learning Objectives:

After attending the presentation you will be able to...

Determine whether a LKE can be used to defer taxes upon the sale of real property.
Know when it is appropriate to use a QI in effecting a LKE.
Define a DST and how it can be used in obtaining replacement property on a timely basis.
Become knowledgeable about ways to appropriately use the LKE structure in unusual situations.

Program Content:
The major topics that will be covered in this class include:
Like-kind exchanges have been hailed as one of the few "legal tax shelters" still available for real property investments, but it is really a result of favored tax policy.
These relatively straight-forward concepts can help a company significantly improve cash flow by deferring its tax liability.
These concepts will be illustrated by real-life examples that present a novel approach to like-kind exchanges as a useful and practical tax-planning idea.

Who should attend: CPAs, EAs, Lawyers, Real Estate Professionals, Accountants or other tax professionals

Developed By: Allison M. McLeod, LL.M., CPA. A PLLC

Instructor: Allison M. McLeod, LL.M., CPA

CPE Credit: 2

Field of Study: Taxes (2 CPE)

Program Level: Basic

Prerequisites: None

Advanced Preparation: None

Format: QAS Self Study

Highlights

Like-kind exchanges have been hailed as one of the few "legal tax shelters" still available for real property investments, but it is really a result of favored tax policy.
These relatively straight-forward concepts can help a company significantly improve cash flow by deferring its tax liability.
These concepts will be illustrated by real-life examples that present a novel approach to like-kind exchanges as a useful and practical tax-planning idea.

Prerequisites

None

Designed For

CPAs, EAs, Lawyers, Real Estate Professionals, Accountants or other tax professionals

Objectives

Determine whether a LKE can be used to defer taxes upon the sale of real property.
Know when it is appropriate to use a QI in effecting a LKE.
Define a DST and how it can be used in obtaining replacement property on a timely basis.
Become knowledgeable about ways to appropriately use the LKE structure in unusual situations.