CLE Course Details

Selling Property; Deferring Tax - A Basic Guide to 1031 Exchanges

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Price: $29
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  • Description

    Even the most lucrative of commercial property sales include that one little downside—taxes. There’s no avoiding it…if you sell. But what if you trade? 1031 Exchanges allow a seller to avoid taxes in commercial real estate sales by exchanging them for other commercial real estate. How does it work? This CLE course will explain everything you need to know include the types of properties that qualify, how and when to establish a 1031 Exchange and the applicable deadlines.

    The course will also review:

    • Typically applicable taxes
    • Tax deferment
    • Relevant exchanges
    • Rules and provisions
    • Like-Kind properties
    • Pitfalls to avoid
  • Instructor Bio

    Michael Brady

    Michael S. Brady was admitted to the New York State Bar in 1994, and has nearly 20 years of experience handling commercial and residential real estate transactions, title insurance issues and 1031 exchanges. He has earned the Certified Exchange Specialist® (CES®) designation from the Federation of Exchange Accommodators, the national trade association organized to represent professionals who conduct like-kind exchanges under Internal Revenue Code §1031. Michael’s career has included many years in private practice, representing buyers, sellers, lenders, title insurance companies, landlords and tenants in commercial and residential real estate transactions. He also spent several years running the Eastern Operations for the qualified intermediary division of a large national title insurance underwriter.

    Michael is currently Vice President and Corporate Counsel for Riverside 1031 LLC and Riverside Abstract LLC, affiliated companies that provide 1031 exchange qualified intermediary and title insurance services nationwide. In addition to guiding clients and their tax and legal advisors through sophisticated tax deferral strategies and complex real estate transactions, he is a well known and frequent lecturer and writer on tax and legal issues.