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"Section 1031 Exchanges of Investment Properties in Ohio"

Sections of Agenda

Covered by Kevin Hinkel:

III. Essentials of IRC Section

       1031 Exchanging

VII.  Special Issues

A.    Criteria

     1.    Contract for Actual Exchange

     2.    Investment/Trade or Business

     3.    Like-Kind

A.    Reverse Exchanges

B.    Replacement Property to be Built

C.    Installment Sales

D.    Partnership/Co-Tenancy

B.    Terms

     1.    Basis and Adjustments

     2.    Boot

     3.    Facilitator and Accommodator

     4.    Fair Market Value

     5.    Fee vs. Leasehold Land

     6.    Like-Kind v. Like-Class

     7.    Mortgage Over Basis

     8.    Mortgage Relief

     9.    Realized Gain vs. Recognized Gain

 

 

 

Sample Slide From Kevin Hinkel SpeechPresentation Summary:    People have been trading things for as long as human beings have existed. The IRS merely recognized trading as a long-standing way of doing business. We pay taxes to the government on profits or income. In an event trade, or if the trader gives more than he receives, there is no profit or income received. Hence, no tax is due. This logic is the basis for Code Sections 1031 through 1037. The IRS restricts the forms of trading to "like-kind" and further defines the conditions under which an exchange occurs.

This program is designed to provide a higher level of understanding of exchanges. The faculty will dissect IRC 1031 exchanging and will offer pertinent information into methods of exchanges, criteria, definitions, calculations, conversions of sale to exchange and safe harbor rules of a delayed exchange.

 

 

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