Description:

This book is for preparing 2025 taxes. Like-kind exchanges remain a powerful tax deferral tool for real property business or investment assets. This course is designed to help tax professionals recognize the qualifications and tax reporting of like-kind exchanges under §1031. We’ll explore the basic tax and nontax treatment of like-kind exchanges, along with related transactions that apply to the like-kind exchange. Additionally, we will address when a like-kind exchange might not be the best option for the client.

• Identifying qualifying like-kind property
• Calculating the tax basis of property received in a like-kind exchange
• Determining how to depreciate assets acquired in a like-kind exchange
  
• Describing the tax consequences of related party exchanges
• Reporting a like-kind exchange on Form 8824

Product Details:

Item Number: 25350

Level: Intermediate

Authors: NATP Staff

Published: 2025

Format: Print - 100 pages

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Corresponding CPE Courses:

Get the e-book FREE when you purchase the corresponding 2025 course.