| After completing this course, students will be able to: |
| • |
Explain what constitutes an outright (all-cash) sale |
| • |
Identify the tax consequences of an installment sale |
| • |
Note disposition strategies that allow an investor to postpone the reporting
of gain on a sale |
| • |
Describe the concept of the exchange |
| • |
List the advantages of tax-deferred exchanges |
| • |
Explain the wording of IRC Section 1031 |
| • |
Identify time frames for completing exchanges |
| • |
Explain Starker's role in shaping the exchange rules |
| • |
Identify specific guidelines regarding exchanges |
| • |
Define the concept of the Reverse Starker |
| • |
Identify the time frames used in a Reverse Starker |
| • |
List the conditions needed for a transaction to qualify as a Reverse
Starker |
| • |
Determine when gain on sale needs to be recognized |
| • |
Describe what qualifies as unlike property and list types of unlike property |
| • |
Identify disposition alternatives given no cost recovery is remaining
on a property |
| • |
Explain how to transfer the equity from one property into another and
avoid paying taxes on the transaction |
| • |
List the types of investors who may want to dispose of their properties
today to earn a higher return in another property |
| • |
Recommend the best disposition alternative given an investor's specific
needs |
