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Advanced 1031 Exchange Concepts and Opportunity Zones

Explore advanced topics in 1031 Deferred Exchanges and Opportunity Zones.

If tax law were music, 1031 exchanges and Opportunity Zones are the punk rock of the tax code. This session turns the volume up to eleven, going deep into complex 1031 structures: improvement exchanges, related party ground leases, reverse exchanges, and improvement exchanges. Property identification issues, constructive receipt, and real property/personal property issues are covered in the context of recent regulatory and judicial guidance. Opportunity Zones are compared and contrasted to 1031 exchanges with an emphasis on combining the strategies into one model. OZ qualifying property and QOZ/QOZB structures are discussed in detail. The encore features advanced 1031 topics like DSTs, TICs, Drop & Swaps, and recapture covered in real life examples.

99 minutes
Course Exam
Certificate of Completion
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Over 35 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

1031 Exchange

  • Post TCJA Real Property Requirement
  • 15% Personal Property Exception
  • Property Identification
  • Held for Trade or Business vs Investment Requirement
  • Constructive Receipt of Property
  • Depreciation Recapture
  • Specialty Type Exchanges
  • Overview of Recent Judicial Decision Impacting 1031

Opportunity Zone

  • Qualifying Property and Qualifying Assets
  • Substantial Improvement Requirement
  • Qof vs Qozb Structures and Best Practices
  • Partnership Related Deferrals
  • Asset Testing Rules
  • Working Capital Safe Harbor Timelines
  • Impact of COVID-19 Related Legislation on Timelines
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Why Lorman?

Over 35 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 Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on September 22, 2022.

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

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • GA CLE 1.5
     
  • This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.5 CLE hours.
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • MO CLE 2.0
     
  • This course qualifies for self-study CLE credit in Missouri.
     
  • MS CLE 1.6
     
  • This program has been approved by the Mississippi Commission on Continuing Legal Education for a maximum of 1.6 credit hours.
     
  • NC CLE 1.5
     
  • This program has been approved by the North Carolina State Bar Board of Continuing Legal Education for 1.5 CLE hours.
     
  • NH MCLE 1.6
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 98 Minutes.
     
  • NJ CLE 2.0
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2.0 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.5
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
     
  • TN CLE 1.63
     
  • This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.63 hours of credit.
     
  • VT CLE 1.5
     
  • This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
     
  • WI CLE 2.0
     
  • This program qualifies for 2.0 hour(s) of ondemand CLE through the WI Board of Bar Examiners.
     
  • WV MCLE 2.0
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 2.0 MCLE hours.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • MO CLE 2.0
     
  • NJ CLE 2.0
     
  • VT CLE 1.5
     
  • WV MCLE 2.0
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 35 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

Rob Nowak, CPA MST

Rob Nowak, CPA MST

Weaver and Tidwell LLP

  • Partner at Weaver & Tidwell
  • Trusted business advisor to hundreds of clients and friends in the real estate and construction industries. Building relationships based on open, honest communication, he has created impactful value through proactive tax planning, structuring, and consulting.
  • Regular contributor to firm thought leadership and author of numerous articles published in third-party publications.
  • Has spent considerable time speaking and writing about impactful changes in tax legislation.
  • Has advised and consulted with the staff of Former US Representatives the of House Ways & Means Subcommittee on Tax Policy for the 115th Congress during the drafting of the 2017 Tax Cuts & Jobs Act.
  • B.S. degree (with University Honors), Northern Illinois University; M.S. degree, DePaul University.
  • Member of the Urban Land Institute, Associated General Contractors, Construction Financial Management Association, American Institute of Certified Public Accountants, Texas Society of CPA’s, Illinois CPA Society, Texas Real Estate Council, and National Association of Real Estate Investment Trusts.
  • Can be reached at [email protected]
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Why Lorman?

Over 35 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: 410011
Published 2022
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