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