IRC 1031 in the Real World: Practical Issues and Compliance
Online
2.00 Credits
Member Price $89.00
Non-Member Price $124.00
Overview
This course provides a technical overview of IRC 1031 like-kind exchanges, focusing on the application of current law and regulations following the Tax Cuts and Jobs Act. Presented by a former IRS subject matter expert, the course is designed for practitioners who advise on, prepare, or review transactions involving real property exchanges. Participants will examine qualification requirements, definitions of real property, and the determination of like-kind versus non-like-kind property under Treasury Regulations. The course covers key concepts including relinquished and replacement property, boot, realized and recognized gain, and basis calculations. Additional topics include the interaction of 1031 with cost segregation studies, depreciation treatment under 1245 and 1250, replacement property basis allocation, depreciation of carryover and excess basis, and multi-property exchange rules. Practical compliance considerations relevant to tax return preparation and review are emphasized throughout.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Objectives
After attending this presentation, you will be able to...
- Identify the basic principles and terminology associated with IRC § 1031.
- Identify the multiple-property exchange rules under IRC § 1031.
- Recognize the information to request from clients when preparing an IRC § 1031 calculation or responding to an IRS examination of an exchange.
Highlights
The major topics that will be covered in this course include:
- IRC § 1031 like-kind exchange rules under current law
- Changes to § 1031 following the Tax Cuts and Jobs Act
- Qualification requirements for like-kind exchanges
- Definition of real property under Treasury Regulations
- Like-kind versus non-like-kind property
- Relinquished property
- Replacement property
- Realized gain
- Recognized gain
- Basis calculations
- Interaction of § 1031 exchanges with cost segregation studies
- Depreciation treatment under IRC §§ 1245 and 1250
- Allocation of basis to replacement property
- Depreciation of carryover basis
- Depreciation of excess basis
- Multiple-property exchange rules
- Tax return preparation and review considerations
- Compliance considerations for § 1031 exchanges
Designed For
CPAs and EAs who deal with 1031 like-kind exchanges or want to learn more about them
Prerequisites
None
Preparation
None
Notice
You will receive an email from CPA Crossings via Webex with instructions to access the webinar.
Leader(s):
Leader Bios
Victoria Boon, EA, Boon Tax Educators
Victoria Boon, CPA, EA Tax Consultant | Educator | Subject Matter Expert
With more than 20 years of federal tax experience, Victoria Boon is a nationally recognized expert in complex audit strategies, tax law interpretation, and compliance training. She is a subject matter authority on IRC §§ 1031, 162, 274, and conservation easements, and has guided hundreds of tax professionals through intricate audit issues and IRS procedures.
During her distinguished career with the IRS Large Business & International Division, Victoria developed and delivered high-impact training for revenue agents nationwide, updated cornerstone IRS publications and served as a campaign expert on specialized issues such as aircraft taxation and conservation easements.
Today, Victoria brings her deep technical knowledge and educator’s mindset to the private sector, offering tailored consulting and continuing education for tax professionals, attorneys, and businesses. Whether advising on audit defense strategies, refining compliance policies, or teaching advanced tax concepts, she is committed to delivering practical, accurate, and actionable guidance.
Victoria holds an MBA from the University of North Carolina at Greensboro and a BBA in Accounting & Marketing from the University of Wisconsin Oshkosh. She is an accomplished presenter, known for transforming complex tax rules into clear, accessible insights.
Non-Member Price $124.00
Member Price $89.00