THIS COURSE IS INCLUDED WITH THE 2023 SEASON PASS.
Do NOT purchase this course separately if you buy a 2023 PASS.
One of the most common financial transactions is the sale of a primary residence. This course will go through the transaction from start to finish, from calculating initial basis, amount realized, total gain or loss, and any available §121 exclusion. Possible tax planning strategies available will also be reviewed.
Learning Objectives:
Calculate the amount realized, adjusted basis, and gain or loss from the sale of a primary residence.
Calculate the §121 exclusion available for gain from the primary residence.
Explain the tax consequences upon sale from business or rental use of a primary residence.
Demonstrate how the sale of a primary residence is reported on the federal tax return.
Education Information
IRS Program Number: NMVBP-T-00241-23-O
Length: 100 minutes plus optional question-and-answer session (no CE)
Prerequisite: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: Online Webinar/Group Internet Based
Field of Study: NASBA Federal Tax Topic; IRS Federal Tax Related Matter
Credit Hours: 2 NASBA CPE / 2 IRS CE
Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.
All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here to learn more about our education policies.
