IRC 1031 in the Real World: Practical Issues and Compliance
Description
This course provides a technical overview of IRC 1031 like-kind exchanges, focusing on the application of current law and regulations following the Tax Cuts and Jobs Act. Presented by a former IRS subject matter expert, the course is designed for practitioners who advise on, prepare, or review transactions involving real property exchanges. Participants will examine qualification requirements, definitions of real property, and the determination of like-kind versus non-like-kind property under Treasury Regulations. The course covers key concepts including relinquished and replacement property, boot, realized and recognized gain, and basis calculations. Additional topics include the interaction of 1031 with cost segregation studies, depreciation treatment under 1245 and 1250, replacement property basis allocation, depreciation of carryover and excess basis, and multi-property exchange rules. Practical compliance considerations relevant to tax return preparation and review are emphasized throughout.nnThis event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Objective
After attending this presentation, you will be able to... Identify the basic principles and terminology associated with IRC § 1031. Identify the multiple-property exchange rules under IRC § 1031. Recognize the information to request from clients when preparing an IRC § 1031 calculation or responding to an IRS examination of an exchange.
Attendee Information
Victoria Boon, EA
Required Knowledge
None
Who Should Attend
CPAs and EAs who deal with 1031 like-kind exchanges or want to learn more about them
Credit Types
- CPE – Taxes
Registration Fees
| Registration | Type | Price |
|---|---|---|
| WRX939126: Registration – Member | Mem | $105 |
| WRX939126: Registration – Member | NM | $230 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.