- 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 for individual and business clients including identifying capital transactions, calculating the gain or loss, and determining whether the capital gain is short or long-term. It explains which dividends are eligible for the same favorable tax rates that apply to long-term capital gains and explores Section 1231 gains and losses. 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 Delayed or Nonrecognized Transactions and Special Situations.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
identify the reduced maximum tax rate for long-term capital gains and qualified dividend income,
determine the character of a capital gain (short-term versus long-term), and
identify IRC Section 1231 gains and losses.