Taxation of Property Transactions - Tax Staff Essentials

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

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

Sections 1231, 1245, and 1250 Depreciation recapture Capital gains and losses Nonrecognition transactions

Who Will Benefit

Tax staff and senior associates in public accounting Entry- and mid-level tax professionals in industry

Credits

Category	Amount
Tax	4.00