On-Demand

Section 351 Demystified: Rules, Risks, and Planning Opportunities

CPE: 2.5

Overview

For clients with highly appreciated portfolios, taxes can be one of the biggest barriers to rebalancing. In this Kaplan session, investment expert Kyle Tushaus explains how Section 351 can help reposition diversified portfolios into ETFs on a tax-deferred basis. Learn the eligibility requirements, including the 25/50 diversification test and look-through rules, along with the tax, operational, and due diligence considerations CPAs and CFP professionals should understand.

Product Code
1000005508
Credit Type
CPE: 2.5
CPE-Technical: 2.5
Format
Online Self-Study
NASBA Field of Study
Finance
Level of Difficulty
Intermediate
Prerequisites
Work experience in a corporate staff environment, or an introductory course in finance.
Advance Preparation
None

Learning Objectives

Distinguish the client and portfolio characteristics that make a tax-deferred ETF contribution strategy appropriate.

Identify portfolio eligibility using the Section 351 diversification rules, including the 25/50 test and look-through treatment.

Recognize key tax, operational, and due diligence considerations involved in implementing a tax-deferred portfolio transition.

Distinguish the roles and responsibilities of advisors, custodians, and fund sponsors throughout a Section 351 transaction.

Section 351 Demystified: Rules, Risks, and Planning Opportunities

Overview

Product Code

Credit Type

Format

NASBA Field of Study

Level of Difficulty

Prerequisites

Advance Preparation

Learning Objectives