Enrolled Agent Exam [Part 1] 70, Like-Kind Exchanges under Section 1031

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: • Why Section 1031 tax deferral now applies exclusively to real property and not personal property. • How to navigate the strict 45-day identification and 180-day receipt timelines, including a common exam trap involving tax return due dates. • The rule for recognizing gain when "boot," such as cash or debt relief, is received in an exchange. • The essential role of a Qualified Intermediary in preventing constructive receipt of funds. • That losses are never recognized in a like-kind exchange, a key distinction from gain recognition rules. 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