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. • 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.
• IRC sections 1231, 1245,1250 • Depreciation Recapture • Capital gains and losses • Non • recognition transactions
Tax staff and senior associates in public accounting
Basic knowledge of property transactions and taxation
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