Episode
Enrolled Agent Exam [Part 2] 49, Like-Kind Exchanges — §1031 (Real Property Only)
- Podcast
- Finance Exam Prep
- Published
- Jun 15, 2026
- Duration seconds
- 212
- Processing state
not_requested- Canonical source
- https://open-exam-prep.com/
Actions
POST https://stenobird.com/v1/public/podcasts/finance-exam-prep-7658413/episodes/enrolled-agent-exam-part-2-49-like-kind-exchanges-1031-real-property-only/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-49-like-kind-exchanges-1031-real-property-only.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
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: - The post-TCJA rule restricting §1031 exchanges exclusively to real property held for business or investment. - The non-negotiable 45-day identification period and 180-day exchange period for deferred exchanges. - How to calculate the recognized gain, which is the lesser of the boot received or the realized gain. - The correct formula for determining the basis of the new replacement property by subtracting the deferred gain from its fair market value. - The mandatory role of a qualified intermediary in holding sale proceeds to avoid constructive receipt. 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