December 6, 2024


Live Webcast


4 CPE

Taking Advantage of Installment Sales and Like-Kind Exchanges (IRS)

December 6, 2024
Live Webcast
4 CPE

Taking Advantage of Installment Sales and Like-Kind Exchanges (IRS)

  • View Bio

    Instructor

    Don
    Cochran

    View Bio

Learning 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

Major Topics

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

 

CPE Credits Available

4 CPE
4
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Taxes

Prerequisites

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

Advanced Preparation

None

Intended Audience

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

Provider

GSCPA

This event has ended.