A Practical Understanding of 1031 and 721 Exchanges

Course Description

During this 2-hour meeting tax professionals will be provided with a practical understanding of 1031 and 721 Exchanges as well as related investment structures, specifically DSTs and direct investments. We will discuss how a better understanding of these tools can enhance client relationships through strategic real estate planning and tax-efficient reinvestment solutions.

Learning Objectives

1. Identify the key requirements and timelines of a 1031 Exchange, including the role of the Qualified Intermediary and identification rules.

2. Explain the history of DSTs as a viable 1031 Exchange investment structure and the evolution of their popularity compared to TICs.

3. Explain why clients would consider a 1031 exchange or a 721 exchange and examine the pros and cons of each solution.