What is a "Drop & Swap" Transaction? скачать в хорошем качестве

What is a "Drop & Swap" Transaction?

Investors and business owners often ask their attorneys how they might take advantage of tax-saving opportunities. Tax-deferred exchanges of real property under Code Section 1031, Renewable Energy Credits offered under Code Section 48, and asset protection trusts that can be created in tax-friendly environments such as Delaware, are all available to the taxpayers who have the correct tax appetite and asset profile. Many attorneys do not have clarity on the mechanics and requirements of these tax-saving vehicles, which can inhibit the breadth and depth of representation they offer to their clients. This program, presented by Sara Holland of Lewis Brisbois, will not only cover the mechanics of 1031 exchanges, renewable energy tax credits, and how best to use asset protection trusts to avoid income tax on the growth of low basis assets, but it will also highlight several important considerations for each of these tax-saving opportunities. For example, there are special rules relating to the identification of replacement property in 1031 exchanges. 1031 exchanges cannot be transacted by partnerships, which has lead to the use of TIC (tenants-in-common) agreements and “drop-and-swaps.” Renewable energy credits are subject to the passive loss rules under Code Section 469, so taxpayers must have the correct tax appetite to take full advantage of these credits. Asset protection trusts are under-used estate planning tools that can save taxpayers money by avoiding state-level income tax on growth of low-basis assets. These trusts also offer other benefits, such as protecting assets from divorcing spouses and litigants. Want to join Lawline? Register here for a FREE TRIAL https://www.lawline.com/register/trial New courses added weekly! Follow us on Twitter:   / lawline    Follow us on Instagram:   / lawline   Like us on Facebook:   / lawlinecle   Strategies for Maximizing the Tax Benefits of 1031 Tax-Deferred Exchanges, Renewable Energy Credits, and Asset Protection Trusts: https://www.lawline.com/course/strate... For more courses by Sara Holland: https://www.lawline.com/lawyer/sara-h...