- NY Credits : 3.0
- TX Credits : 3.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 3.0
This course leads the tax preparer through capital transactions where recognition of the capital gain or loss is delayed or not recognized as in like-kind exchanges, transfers to entities, involuntary conversions, stock sales to ESOPs, and wash sales. The course also covers stock dividends, qualifying small business stock, principal residence gain, mutual fund investors, and short sales of stock. This course will clarify the calculations behind gain and loss realization and recognition. This course is most appropriate for the professional with detailed knowledge of taxation who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.
A companion course is available: Capital Gains and Losses - Identification, Classification, and Applicable Tax Rates.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
identify transactions where neither capital gain nor loss is currently recognized, and
recognize partially or completely excluded capital gains and losses.