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Gains on Dispositions of Property: Sections 1245, 1250 and 1031

Gains on the disposition of assets are a significant source of income for many taxpayers. The rules for the disposition of certain types of assets are complex and, without careful planning, taxpayers can have unpleasant surprises. This course will help you navigate the rules for Sections 1245, 1250, and 1031 gains to better understand the different types of gains for smart tax planning.

$18.00
  
Picture of Gains on Dispositions of Property: Sections 1245, 1250 and 1031

Prerequisites

Prerequisites are not necessary to participate in this course and no advance preparation is needed.

Course Description

This course covers the rules which currently apply. To assist you and your clients with tax planning for 2025 and going forward, at the end of this course is a brief summary of how the One Big Beautiful Bill (OBBB) Act of 2025 impacts the taxation of gains under sections 1245, 1250, and 1031. Although the OBBB leaves the rules for section 1245, 1250, and 1031 gains unchanged, there are a few issues from the bill to keep in mind.After completing this course, you will be able to:

  1. Identify transactions which fall under Sections 1245, 1250, and 1031
  2. Calculate the gains from these transactions
  3. Calculate the basis of any property acquired in a Section 1031 transaction
  4. Understand the timing requirements for a valid Section 1031 transaction
  5. Understand how to calculate Section 1231 gains where applicable

CPE Facts

Affiliation* CPE Awarded Delivery Method Field of Study Course ID Sponsor ID
NASBA 1 Self-Study Taxes N/A 103137
CTEC 1/0 Self-Study Federal Tax Law 3038-CE-00496 3038
IRS 1 Self-Study Federal Tax Law FQTGU-T-00847-26-S FQTGU
Texas State Board of Accountancy 1 Self-Study Taxes 100411 002921
Pennsylvania State Board of Public Accountancy 0.5 Self-Study (Non-Interactive) Taxes N/A

* Individuals with other professional credentials should check with their state licensing board or accrediting organization to determine if this program meets their continuing education requirements.

Other Details
Last Revision July 2026
Course Expiration The CPE portion of this course expires one year from date of purchase
Course Format PDF Course Materials + Online review questions and final exam.
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