One of the most useful tools for helping clients sell appreciated business, farm, and investment real estate is the Internal Revenue Code Section 1031 like-kind exchange. Students learn how one property can be sold and a replacement property purchased without incurring any federal income taxes on the sale. Federal tax rules are closely reviewed, so students learn to easily recognize exchange situations and explain to clients the tax-saving benefits of the 1031 exchange. This course also covers delayed exchanges and how the installment sale of relinquished property may qualify in a transaction to acquire replacement property.
This course is a requirement to earn the ALC designation.
Designation or Certification:
Accredited Land Consultant (ALC)