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Description:

This book is for preparing 2022 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 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. This book will help you prepare forms for Form 1040, C corporation (Form 1120), partnership (Form 1065) and S corporation (Form 1120-S) returns.

Topics include:

• Identifying qualifying like-kind property
• Calculating the tax basis of property received 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: 22350

Level: Intermediate

Authors: NATP Staff

Published: 2022

Format: Print - 88 Pages

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Corresponding CPE Courses:

Get the e-book FREE when you purchase the corresponding 2022 course when available.