VA Elective CE: 2 hours

This two-hour course covers the primary important components of a Section 1031 tax-deferred exchange of real estate. Discussions covering the history and current issues of this portion of the IRS Internal Revenue Code are included. Students will understand what properties qualify for a 1031 exchange, the specific rules and time limitations involved an exchange, and the proper method of reporting an exchange to the IRS. Students will also learn the impact of an exchange by computing capital gains tax due if a property is sold and not exchanged, how to determine the reinvestment requirements for an exchange, and the requirement for control of the funds during the exchange.

Cancellation policy applies upon registering for this course.  Cancellation fee is $10.00. No exceptions.