Description
Course Overview
Insurance proceeds or condemnation awards can create taxable gain when property is damaged, destroyed, stolen, or condemned. This Nano Learning course examines IRC Section 1033 gain deferral rules, replacement property requirements, and reporting procedures for involuntary conversions.
Explore additional topics in our Nano Learning course collection.
What You'll Learn
Identify when gain from an involuntary conversion may qualify for deferral under IRC Section 1033.
Who This Course Is For
Tax and accounting professionals advising individuals, business owners, or property investors dealing with casualty events, insurance recoveries, condemnations, or federally declared disasters.
Course Details
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Program Level |
Basic |
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Prerequisites |
No |
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Advanced Preparation |
None |
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Field of Study |
Taxes |
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Credit Hours |
0.2 CPE |
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Delivery Method |
Nano Learning |
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CPE Eligibility |
CPAs |
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Refund Policy |
For refund, complaint, or cancellation policies, contact our office at 1-800-384-1101. |
CountingWorks, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

