Courses

Surgent's Purchase and Sale of a Residence: Critical Tax Issues

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Member Price: $89.00 Non-Member Price: $119.00

Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Taxes: 2.00
Fields of Study:: Taxes
Level:: Basic

Many clients end up selling one or more residences during their lifetimes. Tax practitioners must be aware of the tax rules that relate to such sales in order to assist their clients regarding these sales. This program provides general tax practitioners with the tax rules they need to know to help their clients when they sell a personal residence. This program is a comprehensive survey of the various tax issues associated with the sale of a residence.

Objective

Explain and implement the tax rules relating to the sale of a residence

Highlights

General rules relating to the sale of a residence under § 121
Sale of a taxpayer’s main home
Qualifying for a partial exclusion of gain on the sale of a home
How a taxpayer meets the residence requirement
Meeting the look-back requirement
Separated, divorced, and widowed taxpayers
Work-related moves and unforeseeable events
Inherited homes and homes received in a divorce
Impact of business or rental use of home on the gain exclusion
Reporting gain or loss on the sale of a home

Designed For

Any tax professional who will be advising clients regarding the sale or other disposition of a residence

Prerequisite

None

Advanced Preparation

None