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OnDemand Webinar

Advanced 1031 Exchange Concepts and Opportunity Zones

Gain an in-depth understanding of Section 1031 like-kind exchanges and Opportunity Zone investments.

This topic will provide an overview of Opportunity Zone investments including the purpose, tax incentives, requirements for deferral along with a review of what type of investments qualify for Opportunity Zone tax treatment. This information will cover a detailed comparison of Section 1031 like-kind exchanges and Opportunity Zone investments. The material will also address what three strategies qualify when combining a 1031 exchange with an Opportunity Zone investment along with two approaches that do not work. The topic will also address some advanced 1031 exchange issues including handling partnership/LLC scenarios, related party exchanges along with a review of the 45/180 day time deadlines and the Identification Rules and G(6) restrictions on exchange proceeds during a 1031 exchange.

Learning Objectives

  • You will be able to identify the intent of Opportunity Zones
  • You will be able to recognize the legislative history of Opportunity Zones
  • You will be able to differentiate between the four levels of Opportunity Zone tax benefits.
  • You will be able to recognize 1031 Exchange into Opportunity Zone strategies

Runtime: 101 minutes
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of Opportunity Zones

  • The Intent of Opportunity Zones
  • Opportunity Zones by the Numbers
  • Legislative History of Opportunity Zones
  • Opportunity Zone Property Values April, 2018+

What Is an Opportunity Zone?

  • Qualified Opportunity Zone
  • Technical Opportunity Zone Terminology
  • Preferred Opportunity Zone Terminology

What Is an Opportunity Zone Fund?

  • Three Opportunity Zone Fund Requirements
  • Certification of Opportunity Zone Funds
  • Opportunity Zone Investments
  • What Is Tangible Property?

Four Levels of Opportunity Zone Tax Benefits

  • New Opportunity Zone Guidance on April 17, 2019
  • Opportunity Zone Investment Timeline

Legislative History of 1031 Exchanges

1031 Exchange Into Opportunity Zone

  • Three Strategies That Qualify
  • Two Strategies That Don't Qualify

Side by Side Comparison of Opportunity Zone to 1031 Exchanges

  • Relinquished Property Character and Use
  • Replacement Property Character and Use
  • Reinvest All Net Equity
  • Section 1031: The Exchange Equation and Understanding Cash Boot and Mortgage Boot
  • The Exchange Equation: Commercial Property Examples
  • Like-Kind Requirement
  • Creative Section 1031 Like Kind Property Including Air Rights, Oil/Gas/Mineral Rights, Vacation Homes, Delaware Statutory Trusts (DSTS)
  • Qualified Intermediary
  • Time Requirement for Reinvestment
  • Tax Deferral of Deferred Gain
  • Time Restrictions on Holding
  • Location
  • Identification Requirements Including the Delayed Exchange Identification Rules and 45/180 Day Time Deadlines
  • LLC or Partnership Interests
  • Section 1031 Partnership/LLC Issues and Solutions
  • Partnership Installment Note (PIN)
  • Additional Capital Requirements
  • Related Parties
  • Section 1031 Related Party Rules and Recent Plrs and Tax Court Decisions
  • Basis Step-up Reducing Deferred Gain
  • Permanent Tax Deferral

Summary

  • Final Review of Opportunity Zone vs. 1031 Exchange
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on September 27, 2019.

Call 1-866-352-9540 for further credit information.

  • CPE/NASBA - QAS Self Study 2.5 including Specialized Knowledge 2.5
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.5 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 2.5 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Scott R. Saunders

Scott R. Saunders

Asset Preservation Inc.

  • Senior Vice President with Asset Preservation, Inc. (API), a subsidiary of Stewart Information Services Corporation (NYSE: STC)
  • Extensive background in IRC §1031 tax deferred exchanges, having been involved in structuring thousands and thousands of §1031 exchanges during his thirty two years in the exchange industry
  • Dedicates a significant portion of his time presenting classes on intermediate and advanced §1031 exchange strategies to accountants, attorneys, financial advisors, real estate brokers and principals nationwide
  • Spoken many times for various associations and organizations
  • Contributing author to the book Real Estate Exchanges: Using the Tax Deferred Exchange in Real Estate Investment Management and has been featured in The Wall Street Journal, CNBC, Forbes Real Estate Investor and U.S. News and World Report
  • Business economics degree from the University of California at Santa Barbara
  • Written over 200 articles on various aspects of §1031 exchanges, capital gain taxation and investment real estate, articles have been featured in many investment publications such as the New York Real Estate Journal, Mid Atlantic Real Estate Journal, Inman News, REBusiness Online, Heartland Real Estate Business, Western Real Estate Business, REALTORS® Land Institute Terra Firma, ALTA’s Title News, HousingWire and many other real estate and other financial publications
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 406966
Published 2019
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