Saturday, October 21
8:30AM – 11:45AM
Sales, Exchanges and Basis
Chair: David Shechtman, Drinker Biddle & Reath LLP, Philadelphia, PA
8:30am Opening Remarks by the Chair.
8:35am Sales and Exchanges: Current Developments. Presentation of new cases and rulings affecting sales, exchanges and basis (other than section 1031). Moderator: Professor Erik Jensen, Case Western Reserve University School of Law, Cleveland, OH. Panelist: Professor Brad Borden, Washburn University School of Law, Topeka, KS.
9:00am Sales and Exchanges of Leasehold Interests. This panel will analyze tax issues (other than section 1031) arising in transactions involving leasehold interests, leasehold improvements and lease terminations. Moderator: Professor Brad Borden, Washburn University School of Law, Topeka, KS. Panelists: Kelly Alton, Deloitte Tax LLP, Washington, DC; Glenn Johnson, Ernst & Young LLP, Washington, DC.
9:30am Preserving Capital Gains and Real Estate Developments. The panel will examine the rules regarding allocating basis to purchased property, how property owners may dispose of property in a manner that qualifies for long-term capital gains treatment, and other planning opportunities for real estate investors. Panelists: Paul L.B. McKenney, Varnum Riddering Schmidt & Howlett LLP, Novi, MI; Stefan E. Tucker, Venable LLP, Washington, DC.
10:10am Section 199 Regulations. This panel will examine the effect of recently finalized regulations under section 199 on real estate development and related activities. Panelists: Virginia Stevenson, Kennedy Covington Lobdell & Hickman LLP, Charlotte, NC; Todd B. Reinstein, Pepper Hamilton LLP, Washington, DC; George Manousos, PricewaterhouseCoopers LLP, Washington, DC.
11:00am 1031 Current Development. The panel will discuss recent rulings, cases and other section 1031 developments. Panelists: Donna Crisalli, Special Counsel to Associate Chief Counsel, IRS, Washington, DC; Max Hansen, American Equity Exchange, Dillon, MT; David Shechtman, Drinker Biddle & Reath LLP, Philadelphia, PA.
