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
Advanced

Tax Law Change Impact Analysis (Memo)

Researches and interprets how new tax legislation affects a specific business model.

GPT-4oClaude 3.5 Sonnet
0
0
55
Tax
Intermediate

Depreciation book vs tax (MACRS/IFRS) schedule tie-out

Compares book depreciation to tax depreciation, identifies differences, and prepares supporting schedules. Useful for both compliance and provision teams.

GPT-5.2 Thinking; GPT-4.1; o3-mini
0
0
92
Tax
Intermediate

Qualified Business Income (QBI) Deduction Tool

Determines the Section 199A deduction for pass-through entities and SSTBs.

GPT-4oClaude 3.5 Sonnet
0
0
51