Overview
As more clients engage in Delaware Statutory Trusts (DSTs) via §1031 exchanges, CPAs frequently encounter the challenge of incomplete documentation and intricate reporting issues. In this engaging session, Mike Auerbach, Head of Tax Deferral at Bonaventure, will guide you through the essential knowledge needed to facilitate these complex transactions confidently.
You will explore the mechanics of §1031 to DST to 721 flows, with practical examples designed to enhance your understanding. Additionally, we will emphasize compliance checklists and the importance of accurate returns, empowering you to provide proactive and trustworthy guidance to your clients. Overall, this course will equip you with the tools necessary to navigate the unique intricacies of these structures seamlessly.
Learning Objectives:
- Identify properties that qualify for §1031 treatment and determine how to apply the timing, gain, and basis rules correctly
- Describe the reporting requirements associated with DST structures, including how to handle K-1 forms
- Evaluate the implications of Section 199A (QBI) and pinpoint common triggers for state-level filings
- Construct a repeatable workflow for managing §1031, DST, or 721 activities that enhances compliance and accuracy