Keepin' It Real: Limitations on 1031 Exchanges Under the New Tax Act
1 PM EST
As a result of the 2017 tax reform legislation, tax deferral under Section 1031 now is available only for exchanges of real property. The panelists will review the definition of real property for Section 1031 purposes and address the classification of assets such as development rights, easements, leases, and mineral interests. They also will explore tax issues associated with exchanges involving both real and personal property and the impact cost segregation studies may have in determining taxable gain. In addition, the panelists will compare the benefits of immediate expensing for certain tangible personal property under the Act to 1031 exchanges under prior law and address the scope of the transition rule which permits certain exchanges of personal property to be completed in 2018. Lastly, the panelists will analyze the impact of other provisions the Act (such as rate reductions and reduced state and local tax deductions) in calculating the benefits of a 1031 exchange compared to a taxable sale transaction.
Max A. Hansen, American Equity Exchange, Inc., Dillon, MT
Mary B. Foster, 1031 Services, Inc., Seattle, WA
Adam Handler, PwC, Los Angeles, CA
David Shechtman, Drinker Biddle & Reath LLP, Philadelphia, PA
PLEASE NOTE: To receive CLE credit, each individual attendee must be logged into the webinar interface for the ENTIRE program (including the Q&A). Partial credit is not available for this program. Please see the CLE Informaton page for more details.
$75 for Section of Taxation Members
$150 ABA Member*
$125 Young Lawyers
$125 Government / Academic / Non-Profit
$195 All other registrants
FREE Full-time J.D., LL.M., or M.T. Candidates (No CLE Credit/Webcast Only)
*ABA Member registrants will become Tax Section members for 2017-18.
Fee includes an mp3 audio recording that is available within one week following the program date.
Discounts Available for Group Registrations: Please e-mail the tax section (email@example.com) for more information.
Law Student registrants, who are current nonmembers, will also receive complimentary membership to the ABA and the Section of Taxation.