Selling A Principal Residence

Course Details

Date

Tuesday, November 12, 2019

7:30am – 8:30am
(Registration: 7:00am)

Field of Study

Taxation

Course Number

4193327B

CPE Credit

1 hour CPE credit

Level of Knowledge

Overview

Vendor

CalCPA Education Foundation

Prerequisites

Understanding of the federal income tax law as applied to individuals.

Description

The sale of a personal residence with a gain can be subject to favorable tax treatment. Focus on a special rule that is available for the sale of a principal residence.

The calculation of the potential gain or loss will be discussed. Qualification for the favorable gain exclusion will be explained. Special facts related to the ownership and use of the residence will be identified and their consequence evaluated.

Discuss the sale of a personal residence at a loss during this session. Plus, identify and evaluate tax planning ideas and strategies. Changes made by the 2017 TCJA are identified and evaluated.

Materials are provided as an ebook for this course.

Highlights

  • Determination of the gain from the sale of a principal residence
  • Explanation of the requirement that must be satisfied to be eligible for the exclusion including consideration of special ownership and use situations
  • Calculation of the amount of the exclusion
  • Tax considerations if the personal residence is sold at a loss
  • Tax planning ideas and strategies

Objectives

  • Consider the law which determines the calculation of the recognized gain or loss.
  • Explain the requirements that must be satisfied to be eligible for the exclusion.
  • Identify the significance of special facts related to ownership and use of the residence.
  • Determine the amount of the exclusion.
  • Evaluate the tax considerations related to the sale of a personal residence at a loss.
  • Identify and evaluate tax planning strategies.

Designed For

CPAs, lawyers, tax professionals and personal financial advisers.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$30.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$50.00
Your Price $50.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

View All Webcasts