Federal Taxation of Purchasing and Selling Principal Residences
Date: Tuesday, October 27, 2026
Instructor: Greg White
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for OTRPs
1 hour Federal Tax Law for CTEC |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
We’ll cover an area that affects most of our clients, doing a deep dive on everyday tax issues like estimating tax basis if your client lacks receipts.
Who Should Attend
Practitioners who work in the area of Federal taxation.
Topics Covered
- Definition of principal residence
- Adjustments to basis for homes purchased prior to May 6, 1997
- Increasing basis for home improvements
- Impact of having a home office on gain recognition (it’s probably not as bad as you think)
Learning Objectives
- Identify taxpayers who are eligible for the full exclusion of gain
- Identify taxpayers who are eligible for partial exclusion
- Learn strategies to estimate the cost basis of home improvements that reduce gain on sale (even if the improvements were made 20 years ago)
- Apply the “3 rules of 2” approach to determining taxpayer eligibility.
Level
Intermediate
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
General knowledge of Principal Residences
Advance Preparation
None
