Section 1031 Tax-Deferred Exchanges
Chances are good that, if it hasn't happened yet, you will one day work on a transaction involves a property that’s part of a tax-deferred exchange. When this happens, will you be ready to guide your client through the process and ensure they meet the critical deadlines?
With an appropriately formed exchange, an investor can defer paying taxes on the profit from one investment and instead use all of the profits to fund another investment.
This course helps licensees become more comfortable with guiding clients through a 1031 tax-deferred exchange transaction and ensuring critical deadlines are understood and met.
Course highlights include:
- Section 1031 tax-deferred exchange definitions
- Starker’s Exchange background and application
- U.S. Internal Revenue Code requirements
- IRS Safe Harbor Guidelines
- Investor taxes advantages
- Setting up an exchange
- Selecting a Qualified Intermediary
- Licensee role in a Section 1031 tax-deferred exchange
- The non-exchanger's role in a Section 1031 transaction
- Reverse exchanges
- Rare exemptions to exchange deadlines
State Requirements For Hawaii
Hawaii State Requirement Details for Real Estate Continuing Education
Renewal Date: 11/30 every even-numbered year. Please note: all CE courses and the license renewal application must be completed by this date in order to stay active. If a license has lapsed and was put into inactive status, the 2 core courses from the previous cycle must be completed prior to regaining an active status.
Hours Required by the State: 20 hours
- 6 hours – Core hours
- 14 hours – Elective hours
Note: A licensee who is issued a Hawaii real estate salesperson license during an even-numbered year shall be deemed to have completed equivalent to the continuing education hours as required by section 467-11.5, HRS, and section 16-99-90.
Hawaii Real Estate Branch
Street Address: King Kalakaua Building, 335 Merchant Street, Rm 333, Honolulu, HI 96813
Telephone: 808.586.2643