Business & Shareholder Tax: Property Transactions
This course is part of U.S. Federal Taxation.
This course cannot be purchased separately - to access the complete learning experience, graded assignments, and earn certificates, you'll need to enroll in the full U.S. Federal Taxation Specialization program. You can audit this specific course for free to explore the content, which includes access to course materials and lectures. This allows you to learn at your own pace without any financial commitment.
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What you'll learn
Master cost recovery methods including MACRS depreciation
Calculate and analyze realized vs. recognized gains/losses
Understand tax treatment of like-kind exchanges and involuntary conversions
Apply special gain/loss provisions for business transactions
Implement netting process for different types of gains/losses
Skills you'll gain
This course includes:
4.8 Hours PreRecorded video
46 quizzes
Access on Mobile, Tablet, Desktop
FullTime access
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There are 9 modules in this course
This comprehensive course examines complex property transactions in U.S. federal taxation. Topics include cost recovery methods (depreciation, amortization, depletion), calculation of realized vs. recognized gains/losses, tax implications of nontaxable exchanges, and the netting process for gains/losses. The curriculum covers advanced concepts such as Section 1231 assets, depreciation recapture, and special provisions for business property transactions. Through detailed examples and practical applications, students develop expertise in handling complex tax situations.
Introduction to the Course
Module 1 · 1 Hours to complete
Introduction to Cost Recovery and Depreciation
Module 2 · 4 Hours to complete
Accelerated Depreciation, Amortization, and Depletion
Module 3 · 4 Hours to complete
Gains, Losses, and Adjusted Basis
Module 4 · 3 Hours to complete
Special Gain/Loss Provisions
Module 6 · 2 Hours to complete
Character and the Netting Process
Module 7 · 3 Hours to complete
Depreciation Recapture and Other Items in the Netting Process
Module 8 · 3 Hours to complete
Final Comprehensive Exam
Module 9 · 2 Hours to complete
Fee Structure
Individual course purchase is not available - to enroll in this course with a certificate, you need to purchase the complete Professional Certificate Course. For enrollment and detailed fee structure, visit the following: U.S. Federal Taxation
Instructor
Senior Lecturer of Accountancy
Matthew A. Hutchens is a Senior Lecturer of Accountancy at the University of Illinois Urbana-Champaign, where he has been teaching since 2017. He holds a J.D. from Indiana University and a B.S. in Accounting and Finance from the same institution. Hutchens has a diverse professional background that includes serving as a staff attorney for Indiana Legal Services' Low Income Taxpayer Clinic and working in tax services at Crowe Horwath LLP. His teaching focuses on various aspects of taxation, including Principles of Taxation, Federal Taxation, and Multistate Taxation, where he emphasizes practical applications and problem-solving skills relevant to the accounting profession. Hutchens has published several works on federal tax relief processes and has received multiple accolades for his teaching effectiveness, including recognition on the List of Teachers Ranked as Excellent by their Students. His commitment to education and practical experience in tax law make him a valuable resource for students pursuing careers in accountancy.
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