Like-Kind Exchanges Self-Study

Summary

Like-kind exchanges remain a powerful tax deferral tool for real property business or investment assets. This course is designed to help tax professionals recognize the qualifications and tax reporting of like-kind exchanges under §1031. We’ll explore the basic tax and nontax treatment of like-kind exchanges, along with related transactions that apply to the like-kind exchange. Additionally, we will address when a like-kind exchange might not be the best option for the client.

Objectives

Upon completion of this course, you will be able to:

• Identify qualifying like-kind property
• Calculate the tax basis of property received in a like-kind exchange
• Determine how to depreciate assets acquired in a like-kind exchange
• Describe the tax consequences of related party exchanges
• Report a like-kind exchange on Form 8824

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.