Section 1031 Tax-Deferred Exchanges
Chances are good that, if it hasn't happened yet, you will one day work on a transaction involves a property that’s part of a tax-deferred exchange. When this happens, will you be ready to guide your client through the process and ensure they meet the critical deadlines?
With an appropriately formed exchange, an investor can defer paying taxes on the profit from one investment and instead use all of the profits to fund another investment.
This course helps licensees become more comfortable with guiding clients through a 1031 tax-deferred exchange transaction and ensuring critical deadlines are understood and met.
Course highlights include:
- Section 1031 tax-deferred exchange definitions
- Starker’s Exchange background and application
- U.S. Internal Revenue Code requirements
- IRS Safe Harbor Guidelines
- Investor taxes advantages
- Setting up an exchange
- Selecting a Qualified Intermediary
- Licensee role in a Section 1031 tax-deferred exchange
- The non-exchanger's role in a Section 1031 transaction
- Reverse exchanges
- Rare exemptions to exchange deadlines
State Requirements For Kentucky
Kentucky State Requirement Details for Real Estate Broker and Sales Associate Continuing Education
Renewal Date: March 31st of even-numbered years. Mandatory CE must be completed by December 31st of each year. If a continuing education course is taken after December 21st of the calendar year, the licensee's license may be cancelled if the course is not timely completed.
Hours Required by the State: 12 hours (every two years)
- 6 hours in real estate law
- 6 hours of elective courses
Kentucky Real Estate Commission
Street Address: Mayo-Underwood Building, 500 Mero Street , 2NE09, Frankfort, Kentucky 40601
Mailing Address: Mayo-Underwood Building, 500 Mero Street , 2NE09, Frankfort, Kentucky 40601
Telephone: (502) 564-7760