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
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.