1031 Exchange Workshop
It's Not Just Another 1031 Exchange Seminar - It's a Workshop!
See all of our 1031 exchange seminar programs.
Intermediate Level 1031 Exchange Workshop
This is an intermediate level workshop on forward, reverse and improvement (build-to-suit or construction) 1031 exchange transactions pursuant to Section 1031 of the Internal Revenue Code and Section 1.1031 of the Treasury Regulations.
1031 Exchange Workshop Content
The educational workshop will begin with an introduction to various tax-deferral and tax-exclusion strategies, including combining Section 1031 with Section 121. The discussions will focus on the requirements, structures, processes, strategies, and compliance issues necessary to successfully complete a 1031 exchange transaction. We will finish with an explanation of the new fractional ownership opportunities of tenant-in-common property interests (TIC or CORE Interests) used as like-kind replacement property solutions pursuant to Revenue Procedure 2002-22.
There will be plenty of time for open discussions, questions and answers with our 1031 exchange experts. Handout materials will be provided for future reference.
Who Should Attend?
Anyone interested in gaining a more in-depth understanding of the processes and requirements for completing successful 1031 exchange transactions, including investment property owners (taxpayers/investors), accountants, attorneys, corporate officers, certified financial planners and real estate agents and brokers (Realtors©).
Continuing Education Credit (CE Credit)
Two (2) hours of continuing education credit will be provided to:
California real estate agents/brokers
Certified Public Accountants (CPAs)
Certified Financial Planners (CFPs).
Refreshments Provided
Refreshments will be provided compliments of Exeter 1031 Exchange Services, LLC.
Speakers
William L. Exeter
President and Chief Executive Officer
Exeter 1031 Exchange Services, LLC
Gary Wildeson
Director, San Diego Region
TREC Investment Realty
Date and Time
Monday, September 22, 2008
11:20 AM Registration
11:30 AM - 2:00 PM Workshop
Learn more about this 1031 exchange workshop, including RSVP infomration and location.
Wednesday, September 17, 2008
Tuesday, September 16, 2008
Federal Reserve Leaves Rates Unchanged
The Federal Reserve Bank left short-term interest rates unchanged today at their Federal Open Market Committee (FOMC) meeting. The Federal Funds rate remains at 2.00%.
Saturday, September 06, 2008
September 11, 2008: FLY YOUR AMERICAN FLAG
Please join us in this FLY THE FLAG campaign and PLEASE forward this Email immediately to everyone in your address book asking them to also forward it. We have a little less than one week and counting to get the word out all across this great land and into every community in the United States of America. If you forward this email to least 11 people and each of those people do the same ... you get the idea.
THE PROGRAM:
On Thursday, September 11th, 2008, an American flag should be displayed outside every home, apartment, office, and store in the United States. Every individual should make it their duty to display an American flag on this seventh anniversary of one our country's worst tragedies. We do this honor of those who lost their lives on 9/11, their families, and friends and loved ones who continue to endure the pain and those who today are fighting at home and abroad to preserve our cherished freedoms.
In the days, weeks and months following 9/11, our country was bathed in American flags as citizens mourned the incredible losses and stood shoulder-to-shoulder against terrorism. Sadly, those flags have all but disappeared. Our patriotism pulled us through some tough times and it shouldn't take another attack to galvanize us in solidarity. Our American flag is the fabric of our country and together we can prevail over terrorism of all kinds.
ACTION PLAN:
So, here's what we need you to do ..
1) Forward this email to everyone you know (at least 11 people). Please don't be the one to break this chain. Take a moment to think back to how you felt on 9/11 and let those sentiments guide you.
(2) Fly an American flag of any size on 9/11. Honestly, Americans should fly the flag year-round, but if you don't, then at least make it a priority on this day.
Thank you for your participation. God Bless You and God Bless America!
THE PROGRAM:
On Thursday, September 11th, 2008, an American flag should be displayed outside every home, apartment, office, and store in the United States. Every individual should make it their duty to display an American flag on this seventh anniversary of one our country's worst tragedies. We do this honor of those who lost their lives on 9/11, their families, and friends and loved ones who continue to endure the pain and those who today are fighting at home and abroad to preserve our cherished freedoms.
In the days, weeks and months following 9/11, our country was bathed in American flags as citizens mourned the incredible losses and stood shoulder-to-shoulder against terrorism. Sadly, those flags have all but disappeared. Our patriotism pulled us through some tough times and it shouldn't take another attack to galvanize us in solidarity. Our American flag is the fabric of our country and together we can prevail over terrorism of all kinds.
ACTION PLAN:
So, here's what we need you to do ..
1) Forward this email to everyone you know (at least 11 people). Please don't be the one to break this chain. Take a moment to think back to how you felt on 9/11 and let those sentiments guide you.
(2) Fly an American flag of any size on 9/11. Honestly, Americans should fly the flag year-round, but if you don't, then at least make it a priority on this day.
Thank you for your participation. God Bless You and God Bless America!
Thursday, September 04, 2008
1031 Exchange Class in Long Beach, California
SCI Real Estate Investments and Exeter 1031 Exchange Services cordially invite you to:
Tax Deferral and Replacement Property Solutionsin a 1031 Exchange
Wednesday, September 17, 2008
9:00am - 12:00pmHoliday Inn Long Beach Airport
2640 N. Lakewood Blvd.
Long Beach, CA 90815
9:00am - 12:00pmHoliday Inn Long Beach Airport
2640 N. Lakewood Blvd.
Long Beach, CA 90815
This is an intermediate level discussion on Section 1031 Tax-Deferred Exchanges. The program will include the requirements, structures, processes, strategies, and compliance issues necessary to successfully complete a 1031 exchange, including a discussion of Tenant-In-Common (TIC) investment properties as 1031 exchange replacement property solutions. Click here to RSVP.
Monday, September 01, 2008
Can I Cash Out When I 1031 Exchange
I hear clients ask this all the time.
The 1031 Exchange
The client is selling an investment property and structuring a 1031 exchange so that they can defer the payment of their capital gain and depreciation recapture income taxes into another property they intend to acquire through the 1031 exchange.
Cashing Out or Having Your Cake and Eating it Too
But, they would like to pull some cash out of the transaction when the sale of their current investment property closes. The frustrating part is that clients get so many conflicting messages that they are not sure who or what to believe.
The Answer: It Depends
Those who know me and/or my real estate blogs know that my favorite answer is "It depends." In this case, it depends on whether the client wants to defer the payment of all of their income taxes or just some. The client must reinvest 100% of his or her net cash proceeds from the sale of the investment property in order to defer all of their capital gain and depreciation recapture taxes.
Cash Boot
The cash they pull out will be considered "cash boot" and will be taxable. The fact that they are pulling some of the cash out of the sale will not jeopardize their 1031 exchange transaction (contrary to what some tax advisors will say), but it will result in the payment of some taxes.
Don't Pull Too Much Cash Out
It is also important to make sure that the amount that is pulled out does not result in the recognition of all the client's income taxes. It is possible to pull too much out so that the 1031 exchange will actually not defer any taxes. This is a relatively easy computation that you tax advisor can make for you.
The 1031 Exchange
The client is selling an investment property and structuring a 1031 exchange so that they can defer the payment of their capital gain and depreciation recapture income taxes into another property they intend to acquire through the 1031 exchange.
Cashing Out or Having Your Cake and Eating it Too
But, they would like to pull some cash out of the transaction when the sale of their current investment property closes. The frustrating part is that clients get so many conflicting messages that they are not sure who or what to believe.
The Answer: It Depends
Those who know me and/or my real estate blogs know that my favorite answer is "It depends." In this case, it depends on whether the client wants to defer the payment of all of their income taxes or just some. The client must reinvest 100% of his or her net cash proceeds from the sale of the investment property in order to defer all of their capital gain and depreciation recapture taxes.
Cash Boot
The cash they pull out will be considered "cash boot" and will be taxable. The fact that they are pulling some of the cash out of the sale will not jeopardize their 1031 exchange transaction (contrary to what some tax advisors will say), but it will result in the payment of some taxes.
Don't Pull Too Much Cash Out
It is also important to make sure that the amount that is pulled out does not result in the recognition of all the client's income taxes. It is possible to pull too much out so that the 1031 exchange will actually not defer any taxes. This is a relatively easy computation that you tax advisor can make for you.
Subscribe to:
Posts (Atom)
Posts
