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Seminar

Like-Kind Exchange Mechanics (201)

Register for this course:

The meeting times for this class are in the past. Please check here for additional meeting times.

Meeting Times:

Friday, May 01, 2020 10:00 AM - Friday, May 01, 2020 12:00 PM
The meeting time above is expressed in MOUNTAIN TIME, which is:
Eastern Time:
12:00 PM - 2:00 PM
Central Time:
11:00 AM - 1:00 PM
Pacific Time:
9:00 AM - 11:00 AM

Price:

This course is in the past and can no longer be purchased.

Location:

Internet Course - Live Streamed

Delivery Method:

Group Internet Based

Credit Hours:

2.0 IRS Federal Tax Law MF2AY-T-00884-20-O

Field of Study:

Taxes - Technical (Real Estate Taxation)

Course Level:

Basic

Prerequisites:

None

General Description:

This class is designed to illustrate the steps to follow in filling out Form 8824, Like-Kind Exchanges.

Learning Objectives:

After completing this course the participant will be able to:

  • Summarize the statutory requirements for qualifying as a like-kind exchange.
  • Illustrate the basic rules that deal with the mechanics of like-kind exchanges, including boot, transaction costs, debt rules, and depreciating the replacement property.
  • Define transaction costs and describe how transaction costs affect the amount of boot received.
  • Discuss the basics of a Starker Exchange and a Reverse Starker Exchange as they affect the reporting requirements on a Form 8824.
  • Illustrate the steps in determining the amount of gain, if any, that is to be recognized and how to calculate the basis in the replacement property.
  • Complete a Form 8824 using the settlement sheets for the relinquished property and replacement property in determining gain recognized and basis in the replacement property.
  • Illustrate how to calculate Line 15 and Line 18 of Form 8824 before entering the numbers in the software program.
  • Define "real property" after the Tax Cuts and Jobs Act.

Instructors:

Mark A. Vogel is a retired professor and director of the University of Denver Graduate Tax Program, where for 38 years he taught courses in individual, fiduciary, tax accounting, partnership, and corporate taxation. He is the author of Divorce Taxation Guide (John Wiley & Sons) and Individual Taxation (Shepards/McGraw-Hill). He received a J.D. and LL.M. in Taxation from the University of Denver College of Law and an undergraduate accounting degree from the University of Notre Dame. He is also a CPA licensed in Illinois.

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