Property Dispositions ON DEMAND

Overview

This course offers an in-depth exploration of the tax implications of real estate dispositions, a critical area for investors and tax practitioners in the context of frequent tax reforms. Participants will gain a thorough understanding of capital gains rates and the application of the “basket” approach to various assets. The course provides insights into calculating gains under the installment method, including the application of unstated interest rules. A significant focus is given to like-kind exchanges, including the identification and mechanics of delayed exchanges. Attendees will also learn to differentiate between recourse and nonrecourse indebtedness and their effects on foreclosures, as well as the repossession rules under Section 1038. The course further examines involuntary conversions, easements, condemnation awards, and the at-risk limits, offering participants a comprehensive view of real estate tax issues. This training is ideal for professionals seeking to deepen their understanding of real estate taxation and to provide informed guidance to clients navigating these complex issues.

Highlights

Capital gains. Home sales. Foreclosure and repossession. Involuntary conversions. At-risk limits.

Prerequisites

None.

Designed For

CPAs, financial professionals, enrolled agents, and attorneys.

Objectives

Identify capital gains rates with applicable assets using the “basket” approach. Determine gain under the installment method noting the application of the unstated interest rules, and more.

Preparation

None.

Notice

None.