When Property Changes Hands – Tax Considerations Triggered by a Real Estate Transfer
You have one year from airing date to use this course as credit.
Continuing Education
CPE Program Knowledge Level: Overview
2 CPE Credit; NO prerequisites or advance preparation
CTEC Course #: 3022-CE-00175
IRS/RPO Approved Program
#7ZBUJ-T-00132-25-O (Online/Group) Live (Group-Internet Based)
#7ZBUJ-T-00132-25-S (QAS Self Study) Archive
Federal Tax Law (2 Hours)
Program Content
This online learning program, presented as a live webcast, will be also archived for QAS Self Study. The program will be available for viewing for 12 months after the live webcast. A panel of IRS and industry experts will present the content during a live, interactive discussion, where participant questions can be submitted. Questions will be answered live on the program or posted on the Resources page.
The program, through a lively round-table discussion and real time interaction with the audience, looks at the tax ramifications of a transfer of real property. The program will focus on both the taxable sale of property and tax-free exchange of property. Panelists also will examine other transfers of property by way of gift, casualty, or condemnation. The panel also will explore the treatment of the sale of a personal residence and the available exclusion. Not to be overlooked are the reporting requirements and identity of the "real estate reporting person."
By the end of the program, participants will have a practical understanding, through accurate, current, and effectively designed communications, of the tax treatment of transactions in which real estate changes hands.
Program Learning Objectives
- Identify how the sale of real property is treated by the tax code.
- Identify the requirements for a tax-free exchange and the manner in which they are treated.
- Identify the tax treatment of other property transfers, such as gift, condemnation, casualty loss, and personal residences.
- Identify the reporting requirements that apply to a real property transfer and the person charged with the reporting.
Program Outline
Sale of Real Property
- Character of Gain or Loss
- Section 1231 Assets
- Depreciation Recapture
- Alternative Minimum Tax
- Installment Sales
- House Flipping
Tax-Free Exchange
- Requirements
- Partial Tax-Free Exchange
- Multi-Party Exchanges
Reporting Real Estate Sales
- Transactions Subject to Reporting
- Reporting Persons
- Information Return and Statement
- Penalties
Other Property Dispositions
- Gifts
- Casualty Loss
- Condemnation
- Tax-Free Replacement
Sale of Residence
- Gain or Loss
- Mixed-Use Residence
- Tax Exclusion
Panelists
Moderator
Alan Pinck, EA
A. Pinck & Associates
Alan Pinck is an Enrolled Agent with over 30 years of tax preparation experience in the San Francisco Bay Area. He has built a practice specializing in individual, small business tax preparation and audit representation. You have seen Alan presenting at NTPI events, CSEA Super Seminar, Spidell Publishing as well as a variety of other presentations for tax groups and small business associations. Having represented thousands of tax returns in audit, Alan has obtained tremendous insight of the audit process as well as knowledge on a wide variety of tax issues.
Industry Panelists
Allan J. “A.J.” Reynolds, EA
A.J. Reynolds, EA is an Enrolled Agent (EA) with over thirty five years of experience encompassing various areas of taxation. Though his practice centers on Individual, Business, and Estate Tax preparation, A.J. focuses a portion of his practice to IRS Representations. As diverse as his specializations, A.J.’s clientele, too, ranges from average workers to Fortune 500 executives. Based in Sioux City, Iowa, A.J. nevertheless brings his everyday “in the trenches” experience to seminars and webinars for multiple organizations to assist attendees with real issues affecting tax professionals.
A.J. was the recipient of the 2024 Excellence in Education award from the National Association of Enrolled Agents and MyCPE Excellence Award for Top Educators and Content Creators for 2024.
A.J. started his tax career with a national CPA firm in San Diego, CA after proudly serving for five years in the United States Navy onboard the Guided Missile Destroyer USS Callaghan. While onboard the destroyer, the ship executed many missions in the Straits of Hormuz off the coast of Iran. Furthermore, A.J. and crew members were awarded the Navy Expeditionary Medal for this work.
Ruben Valdes, EA, USTCP
Ruben Valdes is an Enrolled Agent with distinguished expertise in representing taxpayers before the Internal Revenue Service in audits, collections, and appeals. He also holds the rare distinction of being admitted to practice before the United States Tax Court, a privilege granted to fewer than 300 non-attorneys nationwide.
A national speaker and published author on IRS practice and procedure, Ruben has been invited to present at the IRS Nationwide Tax Forums and other premier industry events, where he has represented the National Association of Enrolled Agents (NAEA) and shared his expertise with tax professionals across the country. His thought leadership and contributions have positioned him as a trusted authority on federal tax controversy and compliance.
He is also the founder of Latin Tax Academy, which prepares aspiring professionals to become Enrolled Agents. Originally focused on serving the Latino community, the Academy has grown under Ruben’s leadership to reach a broader audience, driven by his conviction that all communities deserve access to high-quality tax education and the opportunity to succeed in the profession.
Content Consultant
David F. Windish, J.D., LL.M
Content Consultant
David F. Windish, J.D., LL.M. in taxation, is a tax attorney and consultant. He has served as an instructor of tax-advantaged investments at the New York Institute of Finance; an Instructor of business law at the U.S. Merchant Marine Academy, Kings Point, N.Y.; and an adjunct professor at George Mason University, Fairfax, Va. He has also served as executive editor for Tax Analysts; managing editor for Business Strategies, published by CCH; and senior editor for the Institute for Business Planning.
Mr. Windish is the author of Practical Guide to Real Estate Taxation, published by CCH and currently going into its sixth edition. Earlier works include Tax Advantaged Investments and Investor's Guide to Limited Partnerships, both published by the New York Institute of Finance. Through the Center for Video Education, he authored continuing education courses dealing with real estate and closely held corporations. Those courses included readings, case studies, and videotape segments.
Mr. Windish is a graduate of Rutgers University Law School and the New York University School of Law, Graduate Division. He has been heard as a guest speaker at professional meetings and seminars and on popular radio programs.