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§1031 Like-Kind Exchanges After The Tax Cuts And Job Act

Course Price: N/A
CPE Credits
September 18, 2020
Course Time
11:45 AM
Advanced Preparation
Course Level
Paul La Monaca CPA, MST

Course Description

IRS: Federal Tax Law Update 1 CPE CTEC: Tax Law 1 CPE NASBA: Taxes 1 CPE

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.

Learning Objectives

At the conclusion of the webinar, the tax professional will have an understanding of the requirements of successfully reporting a §1031 transaction on Form 8824 which will determine any realized and recognized gain and the adjusted basis of the replacement property.

Administration Policies: NSTP follows strict administrative policies
Late Registration
  • Registrations must be received no later than 7 days prior to the seminar date.
  • Registrations received after this date will be subject to a $35 late fee.
  • NSTP provides refunds to registrants up to 7 days prior to the date of the course. For those registrants canceling within 14 days prior to the date of the course NSTP will allow attendance at another seminar site. If there are extraordinary circumstances NSTP will allow the participant to attend a future education course. An administrative charge of $25 will be assessed if canceled. For more information regarding refund, cancellation and complaint policies, please contact our offices at 800-367-8130
  • NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.
  • We do not accept walk-in attendees. Payment must be received in advance of the class. Classes may not be retaken without payment.
  • Seminar materials and seminar presentations are intended to stimulate thought and discussion and to provide attendees the useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any particular tax procedure, tax planning technique or device or suggestion or any of the tax consequences associated with them.
  • Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.
Attendance Policy
  • Only paid registrants are able to attend seminars. In consideration of your fellow attendees, guests will need to depart before the session begins. The seminar lunch is for paid registrants only and is included in the registration fee.