CPE70517 - Home Mortgage Interest Complications - 2 Hours CPE
Delivery Method: Self-Study
Learning Objective: After completing this course the student will be able to: apply home mortgage interest limitations, allocate interest for refinance issues, make AMT adjustments, determine excess debt, apply the unsecured election, properly deduct interest on non-conventional homes, determine what home construction interest is deductible, allocate interest when a home is converted to a rental, apply limitations for second home interest, apply the beneficial ownership rules. The student will also learn about the limitations for deducting reverse mortgage interest and special considerations, including who gets to deduct the interest when there are multiple owner-obligors, how to deal with mortgage assistance payments, and a number of other special situations.
CPE Hours: Federal Tax Subject = 2 CPE Credits / Total = 2 CPE Credits
Accreditation: CTEC, IRS, Enrolled Agents, NASBA-QAS CPAs
Field of Study: Federal Tax Subject
Publication Date: 1/15/2017
Instructional Delivery Method: Self-Study
Advanced Preparation: No Advanced Preparation Required
Author: Lee Reams, Sr.
Course Material: A copy of the course material is available for download under the Additional References tab.
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ClientWhys, Inc. is an approved provider for IRS, NASBA QAS, CTEC, CFP Board and the Oregon Tax Preparer Board providing continuing education for CPAs, EAs, IRS, CRTPs.
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