NAR Financial Wellness Webinar - How a 1031 Exchange Works for Beginners

Description

Did you know: REALTORS® can use real estate to help fund their retirement and generate additional cash flow? By investing in what they know best and leveraging a 1031 exchange, these unique opportunities can help structure a plan for financial success. Hear from a veteran CE instructor and attorney who will dive into the world of 1031 exchanges, giving you timely tips and strategies. All the sessions will be recorded and made available for review for up to one year! Register(link is external) to attend NAR’s Center for Financial Wellness 1031 Exchange Summit recorded three-part series event. $50 for NAR members and $60 for non-members. 

Webinar 1 August 7:  The webinar will give the attendee a strong foundation of knowledge regarding IRC 1031 Tax Deferred Exchanges; it will cover all the basic rules and regulations of IRC 1031 as well as discuss practical applications for 1031 exchanges. 

• Attendees will be able to determine if a 1031 exchange is beneficial by comparing an exchange with a taxable sale.
• Attendees will learn the importance of knowing the tax basis of a property and how it is calculated.
• Attendees will learn the three statutory requirements of a successful 1031 exchange.
• Attendees will learn what clients should look for in selecting a qualified intermediary to facilitate a 1031 exchange.

Webinar 2 August 14:  This webinar will update you on the most recent changes relating to 1031 exchanges as well as cover advanced issues concerning IRC §1031. If you invest in real estate and/or represent investor clients that engage in 1031 exchanges, this webinar is for you. Solutions for the most challenging transactions will be covered in this webinar.

• Attendees will learn about reverse and improvement exchanges and how they can assist their clients.
• Attendees will learn about combining a 1031 exchange with Internal Revenue Code section 121 (the home gain exclusion) and how properties can be converted to and from investment properties.
• Attendees will learn what related parties are for tax purposes and about the restrictions in acquiring replacement property from a related party.

Webinar 3 August 21:  This webinar will discuss common misunderstandings surrounding 1031 exchanges as well as mistakes that are frequently made. The webinar is specifically designed to help real estate agents assist their clients with their 1031 exchanges and to help them avoid those mistakes.

• Attendees will learn about the most common mistakes made in 1031 exchanges.
• Attendees will be able to take this knowledge and assist their clients to avoid those mistakes.