Upon completion of this course, the student will be able to:

• Explain the difference between a Sale and 1031 Exchange
• Define an IRC Section 1031 Exchange
• Identify the history of 1031 Exchanges
• Define capital gain taxation and how it is calculated
• Explain what motives an investor may have to use 1031 exchanges to increase their rate of return and improve their investment position
• Explain the exceptions to 1031 exchanges
• Explain the issues with partnerships and 1031 exchanges
• Define like-kind real property and give examples of what qualifies for a 1031 exchange and what doesn't
• Explain "intent" in a 1031 exchange and describe what factors the IRS will look at to determine a taxpayer's intent to hold for investment
• Explain what requirements must be met for full tax deferral and give examples of mortgage boot, cash boot, or no boot
• Explain the different formats and variations of a 1031 exchange
• Define a delayed exchange and explain its time requirements and identification rules
• Explain the highlights of a valid exchange
• Define a Qualified Intermediary (QI)
• Explain the issues with closings and 1031 exchanges
• Explain the three different types of parking arrangements
• Explain the difference between IRC Section 1031 and IRC Section 121 and define split treatment
• Explain what form is required for 1031 exchanges
• Explain the importance of Qualified Intermediary (QI) due diligence