On-Demand

2 CPE

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

On-Demand
2 CPE

This course is delivered as a recorded video. After completing all sessions, you must pass the final exam with a minimum score of 70% to receive credit.

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.

Learning Objectives

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

Major Topics

  • 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

CPE Credits Available

2 CPE
2
Taxes

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Tax

Prerequisites

None

Advanced Preparation

None

Intended Audience

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

Provider

Surgent CPE

Purchase This Course

  • COCPA Member

    $ 89 89
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  • COCPA Non-Member

    $ 116 116
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