1031 Exchanges Just the Basics

People pay federal and state taxes when they gain money from the sale of investment property.  However, in an even trade, or if the investor trades equal or up in value, there is no income to pay taxes.  This logic is the basis for Code Section 1031 of the IRS Tax Code.  The IRS restricts the forms of trading to “like-kind” property and further defines the conditions under which a tax-deferred exchange occurs. This course will discuss the rules of Section 1031 of the IRS Tax Code and how to defer capital gains taxes by trading one investment for another.

Speaker: Miranda Byrd, First American Exchange Company

For questions: Contact the CLE Department at 502-583-5314 x 108.
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This is a LIVE program. Recordings are NOT included with registration. Separate fees apply for accessing past recordings through the LBA On-Demand Catalog. Please note: Live and on-demand CLE programs have different KBA accreditation requirements.

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