1031 Class sponsored by NVAR
June 28 @ 10:00 am - 12:00 pmFree
This 2 hour class for VA CE credit covers the primary important components of a Section 1031 tax-deferred exchange of real estate. Discussions covering the history and current issues of this portion of the IRS Internal Revenue Code are included. Students will understand what properties qualify for a 1031 exchange, the specific rules and time limitations involved an exchange, and the proper method of reporting an exchange to the IRS. Students will learn the impact of an exchange by computing capital gains tax due if a property is sold and not exchanged, how to determine the reinvestment requirements for an exchange, and the requirement for control of the funds during the exchange. This class has no fee for NVAR members.
Registration link coming soon!