This course will cover exchanges from the most simple to some of the more complex exchanges. It will begin by first setting forth in simple terms how an exchange works, defining common exchange terms, then outlining in specific detail the mechanics of an exchange. After this background Mr. Houston will then identify and addresses some of most commonly asked questions, issues and misconceptions regarding exchanges. Finally, Mr. Houston will outline some of the more complex exchanges.
Section I. Introduction to Exchanges
Section II. Simple Rules for Determining Amount of Gain and Basis in Replacement Property
Section III. Pitfalls to Avoid and Common Questions and Concerns Regarding Exchanges
Section IV. Strategies for Selling Before Your Purchase
Section V. Who Can Act as Intermediary
Section VI. Control Issues
Section VII. Reporting an Exchange
Dal Houston, Esq.