This on-demand webinar will provide a practical, knowledgeable discussion of how and when taxpayers should consider implementing a 'tax free' like-kind exchange under Code Sec. 1031. Taxpayers for many years have used this extremely popular Code provision to reduce or eliminate entirely the tax liabilities on a sale of real estate, by re-investing the net sale proceeds into new qualifying investments. Obviously, the ability to avoid taxes that would otherwise be due on sale (often 30% or more of the proceeds) and reinvest this amount in new property is a BIG incentive to learn how to navigate this important but often complicated area of law. This on-demand webinar will review the basic rules and identify all the necessary steps to implement successfully a like-kind exchange of real estate, including both a 'deferred' or 'Starker' exchange, where a relinquished property is sold and the proceeds are used, through a qualified intermediary, to acquire replacement property later in time; and also a so-called 'reverse exchange,' where the replacement property is actually purchased before the relinquished property is sold. In addition, the on-demand webinar will explore the various opportunities beyond real estate where a tax-free exchange is possible, including exchanges of automobiles, airplanes, intellectual property, art works and even wine collections.