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.
• Apply proper treatment of involuntary conversions.
• Recognize 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.
• Identify how to implement comprehensive property tax strategies to
minimize taxes.
• IRC sections 1231, 1245, 1250
• Depreciation recapture
• Capital gains and losses
• Non-recognition transactions
Tax staff and senior associates
Basic knowledge of property
transactions and taxation
None
