Like Kind Changes - Virtual (C62233)

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Cancellation Policy

Please note that this course is from a third-party vendor, Taxspeaker. We strongly recommend registering no later than 24 hours before the course begins. Please contact Samantha Zarantonello  if you do not receive the event logistics via email at least 24 hours before the course begins: 877-466-1040 or [email protected]. Thank you.

Date(s):

05/13/2024

Registration Open:

10:45 AM - 11:00 AM

Time:

11:00 AM - 1:00 PM

Facility:

 Online

Meeting Type:

Courses

CPE Credit:

2.00

Field(s) Of Study:

Taxes (2.00)

Level of Knowledge:

Intermediate

Price:

Member: $135.00
Nonmember: $185.00

Individual Discounts:

Not Available

Group Discounts:

Not Available

Overview

This course reviews the advantages and disadvantages of like kind exchanges. It reviews all 4 types of exchanges; the deferred exchange, the simultaneous exchange, the build-to-suit exchange and the reverse exchange, as well as the new combination reverse and forward exchange. It also covers personal property exchanges, traps and pitfalls in exchanges, and works through a number of examples illustrating compliance.

Upon completion of this course you will be able to describe the various types of exchanges that may be made and explain general concepts of like kind exchanges to clients. You will be able to determine whether a second residence is for personal or business use, or both, and whether or not it qualifies for a like kind exchange. In addition to understanding when particular issues affect an exchange transaction and the proper treatment, participants will learn the five requirements for a transaction to qualify as a like kind exchange and be equipped to prepare tax returns involving them. You will become familiar with delayed, deferred, and reverse exchanges, the concept of related parties, as well as the requirements of personal property and cost seg studies. This course will provide an overview and explanation of Tenants in Common, and Delaware Trusts and illustrate numerous completed Forms 8824.

Speaker(s)