Realtor CE Class – 1031 Basics and Understanding FIRPTA

Realtor CE Class – 1031 Exchange / Foreign Investment in Real Property Tax Act (FIRPTA)

Florida Real Estate Commission (FREC) Approved Continuing Education (CE) Class

Join us for an informative and engaging in-person event on Tue Jan 30 2024 at 12:30 PM. This event will take place at Coastline Title of Pinellas, where industry experts will provide valuable insights on the topics of 1031 Exchange and FRPTA.

• – Learn about the legal and regulatory basis for a 1031 exchange
• – 1031 exchange terminology
• – Key aspects of a 1031 exchange
• – What qualifies as an exchange under the rules set forth by the IRS Treasury Regulations
• – Possible pitfalls and risks associated with a 1031 exchange
• – Learn about the IRS’s Foreign Investment in Real Property Tax Act (FIRPTA)
• – Terminology and forms used in a transaction involving FIRPTA withholding.
• – Learn the information necessary to determine if FIRPTA is needed.
• – Understand the proper FIRPTA forms and appropriate timeframes for filing too.

(Catered lunch will be served starting at 12:15PM with the event beginning at 12:30PM.)

Part I of this course will provide an in-depth discussion of Tax Deferred Exchanges under §1031 of the Internal Revenue Code. It will discuss the legal and regulatory basis for a 1031 exchange, the terminology, key aspects of a 1031 exchange and what qualifies as an exchange under the rules set forth by the IRS Treasury Regulations. The session will also examine the possible pitfalls and risks associated with a 1031 exchange. Upon completion of this part of the course, the real estate agent will be able to knowledgeably communicate the aspects of the 1031 exchange process to their clients.

Part II of this course will discuss the IRS’s Foreign Investment in Real Property Tax Act (FIRPTA) and its effect on real property closings when the seller is a foreign person. It will review the terminology and forms used in a transaction involving FIRPTA withholding. Upon completion of this part of the course, the real estate agent will understand the information necessary to determine the applicability of the IRS Code to a transaction, the proper forms to be completed and the appropriate timeframes for filing the forms.

This training course provides an in-depth explanation of FIRPTA requirements and the agents responsibilities when closing a transaction with a foreign seller and/or buyer. This course is updated regularly, and all information is supported by IRS information sheets.

Don’t miss out on this chance to enhance your expertise and stay up-to-date with the latest trends in the real estate industry.

SEATING IS LIMITED – So Make Sure to Save Your Spot: CLICK to RSVP  (Includes 2 CE Credits & FREE Lunch)