SYSTEM ELEVEN EA TAX ASPECTS OF REAL ESTATE 24 CPE CREDITS
TAX ASPECTS OF REAL ESTATEPRICE:$96.00
IRS APPROVAL – 210T6-T-00011-13-S
Here’s what you get – 24 CPE
Each 24 CPE course consists of an approximate 200 page text written in Plain English. A set of 120 multiple choice/true-false questions and an answer sheet is included. Dozens of examples throughout. All materials include ALL APPLICABLE TAX LAW CHANGES to date of publication.
Learning Objective: The student will expand their knowledge of income tax laws, in order to facilitate accurate completion of complex income tax returns dealing specifically with real estate.
If you score 70% or better on the open book exam, you will be promptly mailed a completion certificate suitable for framing.
TAX ASPECTS OF REAL ESTATE
Instructs students on the differences of the deductibility of home equity debt, home acquisition debt and grandfathered debt and the limitation on each.
Instructs students in the difference between adjusted basis, cost basis and basis of inherited property.
Discuss the allowable deductions for the rental of vacation homes including on how to divide the days of personal use and rental use.
Instructs students on how to complete returns where a casualty or theft loss has occurred on a residential rental property.
Instructs students on how to recognize a sale that may qualify as an installment sale and the rules on how the income is divided between gain and return of principal.
Discusses the latest rules on the exclusion of gain on the sale of principal residences. Also shows how the basis for gain is computed and how the deduct the cost of the business use of the home.
Instructs students on how to compute and report the gain on the sale of real estate and the issues involved on repossessions and foreclosures.
Discusses the MACRS method of depreciation including the mid-year convention required to be used in the calculation of depreciation of rental real estate.
Explains what qualifies as a like-kind exchange including the basis of the property received in the exchange. It also discusses the rules relating to partially nontaxable exchanges and the rules relating to exchangesbetween related parties.
Unit Price $96