Taxation of Property Transactions - Tax Staff Essentials

Overview

Professionals learn about business property-related timing issues and planning opportunities that can lead to tax savings.

Prerequisites

Basic knowledge of property transactions and taxation

Objectives

• Calculate gain or loss realized and recognized on business property dispositions.
• Apply the capital losses limitations and preferential tax rates on capital gains.
• Determine the impact of depreciation recapture on a taxpayer's taxable income and tax liability.
• Determine the tax basis of property received in a like-kind exchange.
• Determine allowable cost recovery deductions for replacement property acquired in a like-kind exchange or involuntary conversion.

Highlights