COR2329. 1031 Exchanges - Basic

This presentation will cover the basic requirements for a tax-free like-kind exchange, including the definition of real property, the application of the like-kind standard, the held for investment or use in a trade or business requirement and the use of a qualified intermediary to facilitate the exchange.

Learning Objectives:

• Identify the basic rules for a tax-free like-kind exchange under section 1031.
• Identify opportunities to employ a like-kind exchange to defer gain realized in an exchange.
• Recall the limitations on tax deferral through a like-kind exchange.