Taxation of Property Transactions - Tax Staff Essentials
Tuesday, January 21, 2025
Webcast or Webinar, Online
9:00 AM - 1:00 PM (opens at 8:30 AM) EST
4Credits
Technical Business
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$213.00 Regular Price
Non-Members
$261.00 Regular Price
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Course Type: Webcast
Course Code: 24/AI514293
Level: Intermediate
Vendor: AICPA CPE Division
Field of Study: Taxes
Overview:
A fundamental understanding of the taxation of business property transactions is essential to any tax practice. This course prepares tax professionals to handle the tax effects of common property transactions, including like-kind exchanges and involuntary conversions. It also covers important property-related timing issues and planning opportunities that can lead to significant tax savings.Objectives:
- Calculate gain or loss realized and recognized on business property dispositions.
- Identify the tax treatment of net Section 1231 gains and net Section 1231 losses.
- Determine the application of the Medicare contribution tax to property dispositions.
- Recall rules for depreciation subject to recapture when property was acquired in a nontaxable exchange transaction or by gift or bequest.
- Recall the requirements for deferring realized gain on an involuntary conversion.