Navigating the 1031 Exchange Process with Delaware Statutory Trusts gives CPAs the fundamentals of IRS Section 1031 Exchange for real property and how Delaware Statutory Trusts (DSTs) are being utilized by taxpayers today. This presentation will discuss the basics of the 1031 process, a brief history and overview of DSTs, why taxpayers exchange into fractional ownership programs, who might be appropriate for DSTs, choosing a Qualified Intermediary, understanding the identification rules, and tax considerations when realizing gain on the sale of real property. Learn about the most recent activity in Washington regarding the 1031 Tax repeal issue.
Learn about current and past proposals that included total repeal or significant limitations to like-kind exchanges.
Learn the fundamentals of helping your clients through the exchange process safely and conservatively.
Learn four core reasons taxpayers exchange into DSTs.
Learn what qualifies as like-kind in a 1031 exchange.
Learn about the role of a qualified intermediary.
Learn how to balance an exchange so there is no boot.
Learn about adding new depreciation to maximize tax savings.
Geoffrey D. Flahardy, National Accounts Director and Private Placement Specialist, ExchangeRight Real Estate, since October 2014 develops new product sales and new broker dealer relationships for ExchangeRight’s private placement offerings. He is a 16 year veteran of the financial industry specializing in securitized 1031 exchanges for over 14 years having served at Inland Securities Corporation. Mr. Flahardy graduated Cum Laude from Kennesaw State University in Kennesaw, Georgia with a Bachelor of Science in Communication. He holds Series 7 and 63 licenses with the Financial Industry Regulatory Authority (FINRA). He lives in in the greater Atlanta area with his wife of 20 years and seven beautiful children.