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