The exchange of certain types of property may defer the recognition of capital gains or losses due upon sale, and hence defer any capital gains taxes otherwise due. This CE course explores the history, evolution, rules, and forms of the strategy used to defer tax liability until a later date; it includes real‐life calculation examples. Loaded with real‐life examples and calculations, the course is perfect for both salespersons and brokers. Agents will learn the vocabulary and application of tax‐free exchanges so they are better able to answer client questions.
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