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Free cpece webinars
Specialty §1031 Exchange Transactions

SPECIALTY §1031 EXCHANGE TRANSACTIONS

Cost Free
Presentation Length 1.0 hour

Recorded DateAugust 10, 2022
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

This session will discuss instances in which the taxpayer must arrange to park replacement property for more than the 180 days allowed in the traditional “safe harbor” parking arrangement or “reverse exchange” structure created in September 2000 by Revenue Procedure 2000-37. We will explore instances in which replacement property must be acquired before relinquished property can be marketed and sold or in which construction of improvements are required on the replacement property. This course speaks to the factors considered and the structure needed to accomplish these objectives.

Learning Objectives:


  • Recall the evolution of the test for true benefits and burdens of ownership in parking arrangements

  • Identify and discuss the documentation needed for these transactions

  • Name the types of lending arrangements necessary for these transactions

  • Recognize construction-to-suit issues including timing, general cost considerations, contractor availability, and supply chain issues

  • Summarize the use of long-term leasehold interests in tenant improvement scenarios

  • Justify the need for competent construction and project management and how to meet those needs

  • Determine the practical considerations and possible solutions for defective “safe harbor” reverse exchanges

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Max Hansen

Accruit
Managing Director
maxh@accruit.com
(800) 237-1031

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Max A. Hansen, a Montana native, joined Accruit in 2018 after 27 years as President and CEO of American Equity Exchange, one of the first Section 1031 Qualified Intermediary companies in the Rocky Mountain Region. As an attorney and Certified Exchange Specialist®, Max has helped taxpayers and real estate professionals successfully complete 1031 exchanges for over 40 years. Max is an active member of the State Bar Associations of Montana, Idaho and Utah and a Past President of the State Bar of Montana. Max is a former President of the Federation of Exchange Accommodators (FEA) and a former board-level member of the organization. He continues to serve on the Government Affairs Committee of the FEA. Max is well-versed in all types of 1031 Exchanges simple and complex, with a specialty in custom, long-term parking exchanges.

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Jonathan Barge

Accruit
Director - Product Specialist
jonathanb@accruit.com
(800) 237-1031

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Jonathan joined Accruit in 2022 after almost 20 years of public service in the United States Air Force and as a law enforcement officer. He served in the United States Air Force in the wake of 9/11 deploying to remote middle east locations. Afterwards, Jonathan was with the Bozeman Police Department for over a decade. While on the force, he investigated major felony crimes as a detective and was selected as a tactical operator.
Jonathan is licensed to practice and an active member of the State Bar of Montana. He has been a Montana resident for over 20 years. He is actively involved in training seminars for brokers, lenders, and other stakeholders in the real estate industry.

Through Jonathan’s previous legal experience, client centered practice, and intensive in-house training with veteran 1031 exchange subject matter experts, he is well-versed in both simple and complex 1031 exchanges, with an emphasis on non-safe harbor exchanges.

About Our Presenter

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Accruit is the leading, independent, trusted managed service provider of 1031 exchanges. We specialize in these complex financial instruments so you don’t have to, allowing you to focus on your business. Through our modern technology systems, comprehensive set of solutions and highly-credentialed subject matter experts, you can feel confident that the job will be done to the highest standards.