Intermediate

1031 Exchange Timeline & Compliance

Outlines the strict timing and identification rules for Like-Kind Exchanges in real estate.

Act as a Tax Consultant. Client {client_name} sold a property on {sale_date}. Outline the 1031 Exchange requirements: 1. Identification period deadline (45 days), 2. Replacement period deadline (180 days). Explain the role of the Qualified Intermediary and the 'Same Taxpayer' rule for the {replacement_property_description}.

Related Prompts

Tax
Intermediate

Reasonable Compensation Study for S-Corps

Drafts a justification for S-Corp officer wages to prevent IRS reclassification of distributions.

GPT-4oClaude 3.5 Sonnet
0
0
91
Tax
Intermediate

Sales tax nexus exposure screen and data needs (US-style)

Performs an initial nexus exposure screen using sales by state and activity indicators, and produces a data request list. Useful for SALT teams and growing e-commerce businesses.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
96
Tax
Intermediate

Tax research memo template (issue, facts, analysis, conclusion)

Produces a structured tax research memo with clear issue framing, facts, analysis, and conclusion placeholders. Useful for staff and seniors standardizing technical writing quality.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
95