EA Exam Prep Part 1: Capital Gains and Losses (Currently Unavailable)
Author: Eva Rosenberg
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law for CTEC |
This is the thirteenth class of the EA Exam Prep Part 1 series. In this course, TaxMama® with teach you the ins and outs of capital gains and losses. She’ll discuss the rules of qualified small business stock. Learn how to handle investment gains and losses. Understand capital gains and losses. These, and many other topics, will be examined in this information-packed course.
Publication Date: June 2019
Topics Covered
- Capital gains and losses
- Capital gains rates
- Section 1231
- Section 1245
- Section 1250
- Section 1244 stock (qualified small business stock)
- Section 1202
- Investment property
- Sales vs. leases
- Bartering
- Copyright sales
- Wash sales
- Worthless securities
- Easements
- Community property
Learning Objectives
- Identify the details of Section 1244 stock
- Identify Section 1202
- Identify whether a transaction is a sale or lease
- Recognize how to accurately record barter transactions
- Describe how to assess and record copyright transactions
- Recognize how to make correct determinations about easements
- Identify how to properly record investment property transactions
- Identify how to handle wash sales
- Describe how to record worthless securities
- Identify bonds
- Identify investors vs. professional traders, record transactions on appropriate tax forms
- Recognize how to record community property transactions
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
