Like-kind Exchanges in Real Estate Transactions

Overview

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.

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.

Preparation

None

Notice

This is an OnDemand course offered by a third-party vendor. To access the course after purchase, go to My NESCPA and then My CPE and click on My OnDemand. Individual courses are available 90 days from the date of purchase.