1031 Like-Kind Exchange: Rules and Reporting
- This Session has been approved for 2 CPE hours under IRS
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Real estate investors and business owners frequently face a key challenge: how to defer capital gains taxes when selling property without disrupting growth plans. This CE course demystifies the strategies, requirements, and practical applications of Section 1031 Like-Kind Exchanges, equipping you to confidently advise clients—or optimize your own investment decisions.
You’ll gain a clear understanding of how 1031 exchanges can help preserve equity, increase purchasing power, and support long-term portfolio expansion. Through real-world scenarios involving residential rentals, commercial properties, farmland, and more, the course breaks down essential rules, timing requirements, the role of qualified intermediaries, and common mistakes that can jeopardize an exchange.
Session Highlights & Key Learning Points:
Qualifying Property Requirements: Understand what qualifies as like-kind real property and what does not.
Timing & Identification Rules: Learn the strict 45-day identification and 180-day closing deadlines Understanding Boot & Tax Implications : Recognize what counts as “boot,” how it affects tax deferral, and how to minimize exposure.
Dealer vs. Investor Status: Explore how IRS classifications impact eligibility for a 1031 exchange.
Role of Qualified Intermediaries: Learn best practices for selecting and working with QIs to ensure compliance.
Pitfalls That Can Invalidate an Exchange: Identify common mistakes that can accidentally trigger taxable events.
Reporting Requirements (Form 8824): Step-by-step review of how to accurately report the exchange to the IRS.
Who Should Attend:
This course is designed for professionals and investors involved in real estate transactions, tax planning, or property management, including:
- Real Estate Investors & Property Owners
- Realtors, Brokers & Real Estate Agents
- CPAs, Tax Preparers & Financial Advisors
- Attorneys & Legal Professionals
- Property Managers & Asset Managers
- Business Owners Engaged in Real Estate Holdings
- Anyone seeking to understand the benefits and compliance rules of 1031 exchanges
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Charles Montecino
Charles K. Montecino, is a Certified Public Accountant and Certified Tax Resolution Specialist. He has significant experience in helping clients solve their IRS problems, and clients say he does it with patience and, as one client put it, “without making me feel dumb.” In 2008 he received the Top Practitioner Award from the American Society of Tax Problem Solvers. He is also known as “The Tax Problem Solver” because...