- NY Credits : 8.0
- TX Credits : 8.0
- CTEC Credits : Federal Tax Law - 8.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 8.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 8.0
Companion to PPC's 1041 Deskbook - Course 2 - Capital Asset Transactions, Rents, Royalties, and Pass-Through Income (T41TG172)
This interactive self-study course discusses two topics related to the types of income that are recorded on Form 1041. Lesson 1 examines capital asset transactions. Lesson 2 takes a look at rents, royalties, and pass-through income.
Course Expiration Date: November 30, 2018
Please note, the grading fee for answer sheets submitted by regular mail is $99.
Identify capital gains rates, and how to report capital gains.
Recognize considerations for determining basis of trust and estate property and the appropriate holding period for estate property.
Determine the best treatment for mutual fund gains and losses.
Recognize how to interpret a partnership’s Schedule K-1, how to report partnership income or loss for deceased partners, and what happens when estates and trusts are considered S corporation shareholders.
Identify the reporting methods for pass-through income or loss from S corporations.
Lesson 1—Capital Asset Transactions
Lesson 2—Rents, Royalties, and Pass-through Income