Taxation of Property Transactions - Tax Staff Essentials

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  • Location
    • Your Space
      Your Space
      Self Study - AICPA, ID 00000
  • Credits
    • 3.50
  • Credit Type(s)
    • Taxes (Technical) (3.50)
  • Prerequisites
    • Basic Knowledge of property transactions and taxation

  • Vendor
    • AICPA
  • Level
    • Intermediate
  • Fields of Study
    • Taxes
  • Message
    • When & Where You Want

Description

Learn about important property-related timing issues and planning opportunities that can lead to significant tax savings.

Designed For

  • Tax staff and senior associates in public accounting
  • Tax professionals in industry

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.

Highlights

  • IRC Sections 1231, 1245, and 1250
  • Depreciation recapture
  • Capital gains and losses
  • Nonrecognition transactions

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