A most common fact pattern presented to tax planners is where a partnership (or LLC) wants to sell property, some or all of the partners want to defer gains via Section 1031 but the partners don't all want to stay together after the sale. This presentation will survey the issues this creates and techniques in current use to respond to the pattern such as "drops and swaps," partnership divisions, "swaps and drops", "synthetic" drops and swaps and PINs transactions. Knowledge of basic 1031 principles will be assumed.
This OnDemand CLE program earns 1 hour of General credit in California. It aired October 4, 2022 and features Lou Weller .
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