2024 MSCPA Annual Convention: Details

Interaction Between Cost Segregation and 1031 Exchanges 2024

← Return to The CPE Catalog
Thursday, May 23, 2024 @ 11:00am 12:00pm
Add to Calendar

Description

Cost segregation and tax-deferred exchanges of real estate under IRC 1031 are two of the most valuable tax planning concepts a real estate owner can utilize today. This presentation will provide an overview of Cost Segregation and its benefits as well as an overview of the updates from the Final 1031 regulations from the 2017 Tax Cut and Jobs Act ("TCJA") as well as a discussion on the impacts of the depreciable basis of the replacement property from a 1031 exchange. This course discusses how taxpayers can effectively utilize and maximize their tax deferrals. Companion Course: 179D Today and Tomorrow: The Future of Green Building Tax Incentives

Prerequisites

None

Highlights

• Cost Segregation Basis - 1245 and 1250 property definitions. • Final 1031 Regulations updates. • Basic computation and bonus depreciation impacts. • When an opportunity is optimal.

Objectives

• Determine the benefits of Cost Segregation and how a Taxpayer can utilize Cost Segregation when a property has been acquired via 1031 Exchange • Recognize the impact of cost segregation and 1031 on accelerated depreciation • Identify opportunities to accelerate deprecation deductions

Preparation

None

Credits

Category Amount
Taxation 1.00