Learning Objective: After completing this course, the student will be able to compute the taxable gain from the sale of a home, properly apply the ownership and use tests in determining whether a taxpayer qualifies for the home gain exclusion, determine the reduced exclusion due to unforeseen circumstances, compute the non-qualified gain, and compute the home sale gain when a home office is included and determine whether a home is the primary or secondary residence. In addition, the student will be able to properly apply the rules associated with sales of partial interests, sales including Sec. 1031 exchanges, sales by military personnel and sales involving divorced individuals.
CPE Hours: Federal Tax Subject = 4 CPE Credit / Total = 4 CPE Credits
Accreditation: CTEC, IRS, Enrolled Agents, NASBA CPA
Field of Study: Federal Tax Subject
Publication Date: 3/1/2020
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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Certified Public Accountants: ClientWhys is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
ClientWhys is an approved provider for IRS, NASBA QAS, CTEC and the Oregon Tax Preparer Board providing continuing education for CPAs, EAs, IRS and CRTPs.
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