Like-Kind Exchange Mechanics - NO CREDIT

General Description:

This class is designed to illustrate the steps to follow in filling out Form 8824, Like-Kind Exchanges. This is the free, not for credit version of this seminar and you will not receive an attendance certificate if you register and attend.

Learning Objective:

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.
• 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.
• Describe the tax effect of the Tax Cuts and Jobs Act on like-kind exchanges.

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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