Gain a practical understanding of the various complex tax laws dealing with sale, disposal, or exchange of property. This course includes analyses of the rules dealing with like-kind exchanges, and includes involuntary conversions. It also covers important property-related timing issues and planning opportunities that can lead to significant tax savings.
Learning Objectives
When you complete this course you will be able to: • Apply proper treatment of involuntary conversions. • Explain the deferral of realized gain or loss on a like-kind property exchange. • Determine the amount of gain or loss on the sale of property. • Determine the character of recognized gain or loss on the disposition of business property. • Implement comprehensive property tax strategies to minimize taxes.
Major Topics
• IRC sections 1231, 1245, 1250 • Depreciation recapture • Capital gains and losses • Non-recognition transactions
Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Tax
CPE Field of Study
Taxes
4
Who Should Attend
Tax staff and senior associates
Prerequisites
Basic knowledge of property transactions and taxation
