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Like-kind exchanges. Beginning after December 31, 2017, section 1031 like-kind exchange treatment applies only to exchanges of real property held for use in a trade or business or for investment, other than real property held primarily for sale. See Like-Kind Exchange , later.

New reporting form for Qualified Opportunity Fund (QOF) investments.  Form 8997, Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments, is a new form starting in tax year 2019. Form 8997 is used to report holdings, deferred gains, and dispositions of QOF investments. See the instructions for Form 8997 for more information.

Why You Should Avoid Dealer Status by Carl Zoellner | Oct 30, 2019 Attorney Carl Zoellner talks about the disadvantages of being classified as a “dealer” by the IRS and strategies to avoid dealer status. In the IRS’s eyes, being a real estate “dealer” means that your real estate activities are conducted in such a …

         Hi I am Brian Gibbons, and I teach Installment Sales.