Enrolled Agent Exam [Part 2] 50, Involuntary Conversions — §1033 Deferral cover art

Enrolled Agent Exam [Part 2] 50, Involuntary Conversions — §1033 Deferral

Enrolled Agent Exam [Part 2] 50, Involuntary Conversions — §1033 Deferral

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This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How to calculate realized gain, recognized gain, and deferred gain in a §1033 transaction. - The critical tax impact of failing to reinvest the full amount of proceeds received. - The specific replacement periods: two years for most casualties and three years for condemned business real property. - The difference between the strict "similar use" test and the more lenient "like-kind" standard. - How to calculate the basis of the new replacement property after deferring a gain. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep
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