After completing this course, the learner should be able to:
- Understand the basic U.S. federal income tax rules for property exchanges.
- Identify the basic requirements of a Section 351 exchange.
- Recognize unique considerations and special rules relevant to Section 351.
- Understand how basis and holding periods are determined in a Section 351 exchange.
Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823