This class is designed for attorneys who may represent sellers of real estate and want to be able to advise their clients on how they can benefit from various tax strategies related to their sale. This course will provide an overview of several important strategies used to minimize, defer or forgive the gain tax which may be due upon the sale of real estate, as well as the methods used to compute a capital gain tax and depreciation recapture including an in-depth discussion of the components that go into computing an adjusted basis and how gain tax is computed when a property is sold, an overview of depreciation and how it affects the profitability of real estate investments, how depreciation can create a tax when real estate is sold, primary residence capital gain tax exclusion, §1031 tax deferred exchanges, IRC §1033 condemnation exchanges, structured installment sales, and how to accomplish investor goals through creative financing and replacement property acquisitions for IRC §§1031 and 1033 exchanges.
Title:
Minimize Taxes, Maximize Wealth: Understanding Tax Deferral Strategies When Selling Real Estate
When/Where:
Wednesday, May 21, 2014
9:00 AM - 1:00 PM
American Portfolios
4250 Veterans Memorial Hwy
Holbrook, NY 11741
Speakers:
By:
National Law Institute
Credit:
NJ, NY
Cost:
Free.
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