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Real Estate Tax Issues

Exam Questions: 10
Course Level: Basic
Pages: 68 | Content: 64, Supplemental: 4
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 5630N

Real estate is the largest investment most Americans will ever have. This course covers the tax implications of selling a home, as well as the investment of a second home for personal or rental purposes PLEASE NOTE: This course material is a component of #6870, Tax Considerations in Financial Planning, and therefore we recommend that you should not take both courses in the same CPE reporting period. All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-T-00394-20-S

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Course Information

Table of Contents
  • Sale of a Home
  • Rental Income and Expenses
Objectives
  • To recognize the tax rules that apply when an individual sells his or her main home
  • To identify some of the tax implications of owning a second home, whether or not for rental purposes
  • To identify how the passive activity and at-risk rules affect the deductibility of investment losses

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.