Webinar: Taking Advantage of Installment Sales and Like-Kind Exchanges

WS102 | Course | Intermediate | Scheduled

Description

When real property is sold for a gain, we always try to find ways to defer recognizing income so it won't be necessary to send a check to Uncle Sam. T

Credits

Number of Credits	Type of Credits
4.00	Taxes

Designed For

Accounting and Finance Professionals who either represent or work for entities that own real property

Prerequisites

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

Highlights

How does the IRC define an installment sale under Section 453?
When can a taxpayer utilize the provisions of IRC Section 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
How to report an installment sale when related parties are involved
How to calculate 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 Section 1031
When can a taxpayer utilize the provisions of IRC Section 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
How to calculate a like-kind exchange including any taxable portion
How has the Tax Cuts and Jobs Act impacted the use of like-kind exchanges
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Objectives

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

Preparation

None

Notes

This webinar is provided by Surgent. After registering for the course, you will receive an email from Surgent with instructions for logging in to the webinar and obtaining your eMaterials.

You may confirm that your computer meets the minimum requirements by visiting: https://www.surgentcpe.com/webinartest/.

Prices

Member (Early Bird): $159.00
Non-Member (Early Bird): $159.00

Member: $159.00
Non-Member: $159.00

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