LexisNexis®
University

1033 Exchanges: Advanced Strategies for Optimal Tax Deferral 2025

Content Provider
American Law Institute CLE
Product
CLE
Run Time
63 Minutes
Recording Date
05/13/2025
Presenter(s)
Alan Lichtenstein, Matthew Bryant
Learning Method
On-Demand Training
Practice Area
Real Estate, Taxation
Persona
CLE OnDemand

Price $219.00

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Description

When property is lost due to an involuntary conversion such as a taking by eminent domain, destruction by natural disaster, or theft, many clients assume they must immediately face a significant tax burden from compensation received. However, IRS §1033 provides a powerful alternative—tax-deferral through strategic reinvestment. Understanding the nuances of 1033 exchanges allows attorneys to guide clients through the process, ensuring they maximize tax benefits and rebuild wealth effectively. Join us for this comprehensive CLE course designed to equip legal professionals with the knowledge and tools needed to navigate 1033 transactions with confidence. This 60-minute webcast will help you master 1033 transactions and attain optimal tax deferral for your clients. The speakers will explore: - §1033 Transactions (an overview) – Understand the fundamentals of tax-deferred exchanges and how they differ from §1031. - Replacement Property Requirements – Learn what qualifies as suitable replacement property and how to structure transactions effectively. - Replacement Periods – Navigate key deadlines and extensions to ensure compliance. - Taxation of Award Proceeds – Discover how condemnation and insurance proceeds are taxed and when tax-deferral applies. - Election of §1033 – Step-by-step guidance on making the election and reporting it properly to the IRS. - Tax-Free Proceeds & Refunds – Explore opportunities to minimize tax liabilities and secure tax refunds. - Replacement Options – Review the best strategies for reinvesting proceeds, from real estate acquisitions to business assets. Attorneys, tax advisors, real estate professionals, and financial planners who work with clients impacted by eminent domain, involuntary property losses, or forced asset sales will benefit from watching this webcast.

Literature

State Status Total Credits Type Of Credit Approved Thru
AlabamaApproved1.00General12/31/2025
AlaskaApproved1.00GeneralOn-going
ArizonaApproved1.00GeneralOn-going
ArkansasApproved1.00GeneralOn-going
CaliforniaApproved1.00Participatory05/13/2030
ColoradoApproved1.00General12/31/2027
ConnecticutApproved1.00GeneralOn-going
DelawareApproved1.10General05/12/2027
FloridaApproved1.50General04/30/2027
GeorgiaApproved1.00General12/31/2025
HawaiiApproved1.00General05/13/2027
IdahoApproved1.00General05/13/2030
IllinoisApproved1.00General02/24/2027
IndianaApproved1.00General09/25/2026
IowaApproved1.00General05/12/2026
KansasApproved1.00General08/27/2026
KentuckyApproved1.00General06/30/2026
LouisianaApproved1.05General08/27/2026
MainePending State Response0.00
MinnesotaApproved1.00General09/10/2027
MissouriApproved1.30GeneralOn-going
MontanaApproved1.00General05/13/2028
NebraskaApproved1.05General05/12/2027
NevadaApproved1.00General12/31/2028
New HampshireApproved1.10General05/12/2028
New JerseyApproved1.00GeneralOn-going
New MexicoApproved1.10General05/12/2030
New YorkApproved1.00SkillsOn-going
North CarolinaApproved1.00General02/28/2026
North DakotaApproved1.00General05/13/2028
OhioApproved1.00General12/31/2025
OklahomaApproved1.00General09/17/2026
OregonApproved1.00General05/13/2028
PennsylvaniaApproved1.00General08/27/2027
Puerto RicoApproved1.05General10/19/2026
Rhode IslandApproved1.00General06/30/2026
TennesseeApproved1.05General08/29/2026
TexasApproved1.00General08/31/2026
UtahApproved1.00General12/31/2025
VermontApproved1.00GeneralOn-going
VirginiaPending State Response0.00
WashingtonApproved1.00General05/12/2030
West VirginiaApproved1.26GeneralOn-going
WisconsinApproved1.00GeneralOn-going
WyomingApproved1.00General08/29/2026

Speakers