December 19, 2024


Live Webcast


4 CPE Credits

Taxation of Property Transactions (12:30PM-4:00PM)

December 19, 2024
Live Webcast
4 CPE Credits

Taxation of Property Transactions (12:30PM-4:00PM)

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    Instructor

    Greg
    Carnes

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Learning Objectives

  • Calculate gain or loss realized and recognized on business property dispositions.
  • Identify the tax treatment of net Section 1231 gains and net Section 1231 losses.
  • Determine the application of the Medicare contribution tax to property dispositions.
  • Recall rules for depreciation subject to recapture when property was acquired in a nontaxable exchange transaction or by gift or bequest.
  • Recall the requirements for deferring realized gain on an involuntary conversion.

Major Topics

  • Sections 1231, 1245, 1250
  • Depreciation recapture
  • Capital gains and losses
  • Non-recognition transactions

CPE Credits Available

4 CPE Credits
4
Tax

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

Basic knowledge of property transactions and taxation

Intended Audience

Tax staff and senior associates

Provider

American Institute of CPAs (Durham)

This event has ended.