Insuring 1031 Tax Deferred Exchanges

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1031

2 credits

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A tax-deferred exchange is a valuable investment tool that allows you to dispose of investment properties and acquire “like-kind” properties while deferring federal capital gains taxes and depreciation recapture. When insuring 1031 exchange deals, title insurance professionals need to understand the intricacies of the transaction in order to insure the deal.

  • What is “like kind” property
  • What is “Boot”
  • What is a “reverse exchange
  • What if a taxpayer wants to acquire replacement property prior to the closing of the relinquished property?
  • How does one dispose of their personal property investments while deferring capital gains tax and, in most cases, depreciation recapture?

Learn all of these terms and more in this discussion of 1031 exchanges and how to insure them.

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About the Speaker

Michael began working in the title industry for his father in 1984 part time before entering high school.  Since entering the field full time in 1989, Michael has examined over 15,000 real estate titles, written policies in excess of $100 million dollars, and handled closings of thousands of commercial and residential properties through out the country.

Michael currently serves as the Ohio and Michigan State Agency Manager for North American Title Insurance Company.  To work with him and North American Title, please click here:  NATIC

Michael has served on the American Land Title Association’s education committee responsible for setting educational programs for the association from 2000 to 2008.  He also has served on the ALTA’s Abstractors and Agent’s section committee to the Board of Governors.  Currently he  serves on the ALTA Public Relations Committee.

Michael is a regular speaker for the title industry.  He has been a featured speaker at the American Land Title Association Technology Forum; and the Missouri, Montana,Wyoming, Kansas, Michigan, Ohio, Nebraska, Virginia and South Dakota Land Title Associations.

Michael is an alumnus of the University of Missouri, and was recognized by October Research as “top 40 under 40” in 2007.  He enjoys travel, skiing and spending time with family.

Michael has a proud legacy of family leadership in the title insurance industry.  He and/or a member of his family has been active in the business continuously since 1920.

Michael Holden Seminars provides educational programs to Title Agents, Escrow Closers, Mortgage Lenders, Attorneys and Real Estate Agents.  Topics available include:

• RESPA reform, CFPB, the Dodd-Frank Act and affiliated business arrangements
• Bankruptcy, Federal Issues, Federal Tax Liens and Railroads
• Business operations, process streamlining, workflow centralization and cost reduction
• Marketing, business retention, sales, and internal marketing systems

 

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