CPE Course Surgent's Taking Advantage of Installment Sales and Like-Kind Exchanges

December 22, 2021

1:00 PM — 4:30 PM

Location Webinar

Member Price $139.00
Non-member Price $169.00

Curriculum Taxation

Field of Interest

Level Intermediate

Designed For

CPAs who either represent or work for entities that own real property

4.00 credits

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Objective

  • Learn when and how to utilize the provisions of IRC §453 in order to defer recognizing gain on the sale of real property via installment sales
  • Learn when and how to utilize the provisions of IRC §1031 in order to defer recognizing gain on the sale of real property via a like-kind exchange

Highlights

  • How does the IRC define an installment sale under §453?
  • When can a taxpayer utilize the provisions of IRC §453?
  • When should a taxpayer utilize the provisions of an installment sale and when should it be avoided?
  • How does the issue of a “dealer” vs. a “non-dealer” impact the use of the installment sale method?
  • Reporting an installment sale when related parties are involved
  • Calculating an installment sale
  • How has the Tax Cuts and Jobs Act impacted the use of the Installment Sale Method?
  • What is a like-kind exchange as defined by IRC §1031?
  • When can a taxpayer utilize the provisions of IRC §1031?
  • What types of real property are eligible for like-kind exchange treatment and what types are not?
  • What is “boot” and how does it impact the like-kind exchange deferral?
  • Calculating a like-kind exchange including any taxable portion
  • How has the Tax Cuts and Jobs Act impacted the use of like-kind exchanges?
  • Recent changes to like-kind exchanges as the result of IRS final regulations

Instructors

Prerequisites

A basic understanding of the provisions for recognizing gain or loss on the sale of real property

Developer

Surgent McCoy CPE, LLC

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