GG. §1031 Like-Kind Exchanges After the Tax Cut and Job Act
May 14@12:30 PM - 1:45 PM PDT
Member Price » $59.00 | Non-Member Price » $89.00
This course introduces the tax professional to the revision of the rules provided under the Internal Revenue Code addressing §1031 Like-Kind Exchange transactions after the enactment of the “Tax Cuts and Jobs Act” for transactions in tax years beginning after December 31, 2017. The course reviews that §1031 is a mandatory provision dealing with the general rule that no gain or loss will be recognized for real property held for the productive use in a trade or business or for investment if it meets the identification and possession rules of §1031. The session will discuss the calculation of the deferred gain or loss and the calculation of the adjusted basis of the replacement property received under a §1031 transaction. In addition, the course discusses related party transactions and §761 elections as well as the new rule of the disallowance of foreign real estate as a like-kind property.