Sale of Home – 2018 Law – Self-Study – Videos
Course Description
This course discusses the rules surrounding sale of home and recapture of the first-time homebuyer credit.
Topics Covered
- Pre-May 7, 1997 reporting rules
- Sale of Home after May 6, 1997
- Exclusion of gain on qualifying home sales
- Reduced exclusion for periods of nonqualified use
- How to treat income from sale of home partly used for rental
- Recapture of a federal mortgage subsidy
- Recapture of first-time homebuyer credits
- Depreciation recovery on home used for business
- Using the How to Figure Your Gain or Loss Worksheet to determine the taxable part of gain from the sale of a home with non-qualified business use
Objectives
At the conclusion of this course you should be able to:
- Calculate the amount of gain you can exclude on the sale of your main home.
- Calculate the amount of taxable gain on the sale of your home.
- Explain the rules for figuring the amount of depreciation that must be recovered on sale of your home.
- Explain additional rules that apply to nonbusiness use of home after 2009 that affect calculation of taxable gain on the sale of a main or second home.
- Calculate the recapture of the first time homebuyer credit.
$40.00
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Self-Study-Videos
Course Type:
CPE Tax
Term:
2018 Tax Law
Registration Status:
Registration Open
Ends: Saturday, July 31, 2021 11:59 PM (PST)
Course Status
Available
Started: Tuesday, December 3, 2019
Ends: Sunday, July 31, 2022 11:59 PM (PST)
Course Length:
2 Hours
Course Fees:
Registration | $5.00 |
Tuition | $10.00 |
Course Materials | $25.00 |
Total | $40.00 |
Course Credits:
IRS (Federal Tax Law) | 2 Hours |
Oregon Tax Board | 2 Hours |
Field of Study
Taxes
Program Level
Intermediate
Prerequisite
Basic tax knowledge
Delivery Method
Self-study-videos
Educational Venue
Online Course
IRS Federal Program Number
VRD3D-T-00621-19-S
Meet Your Instructor
April Gutierrez, Enrolled Agent:
Known for her entertaining speaking style and ability to make a complex subject easy to understand, April is frequently invited to speak to business groups and news media on tax-related topics. She has a B.A. in Communication Studies from Murdoch University in Perth, Australia. She obtained her Oregon LTC in 1995.April resides in Portland, Oregon, with her husband Jess and their two sons. Her pastimes include gardening, travel, and playtime with her Arabian horse, Fancy.
Sale of Home
Course Requirements
Any Time, Anywhere
Our online Learning Management System (LMS), offers you the flexibility to study at your own pace while still enjoying many of the benefits of a live classroom.
- Watch lecture video recordings of live instructor-led classes.
- Break to complete classwork and quiz assignments as instructed.
- If you have a question or need help understanding your assignments, use our Q&A forum to post questions and receive answers from your instructor.
- Complete assignments and tests then submit your answers online.
Advance Preparation Required
Our site requires a high-speed Internet connection. To ensure your learning experience is worthwhile and productive, we ask all students to take the time to become familiar with our site before attending class.
Recommended Minimum Requirements
The following requirements are recommended for using this site. Few students have reported success while operating outside of these requirements, therefore these are provided as a guideline for troubleshooting if you are having difficulties viewing or operating in this site.
Operating System: |
*Your operating system should be fully updated. |
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Browser: |
If you encounter log in or video viewing difficulties, we strongly recommend you install Google Chrome. In any browser, both Cookies and JavaScript must be enabled. |
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Connection: | Broadband (512 Kbps+). Mobile hotspots are NOT supported. | ||
Browser Plug-Ins: |
The latest of the following:
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Peripherals: | Headphones and/or Speakers |
Disclosures and School Policies
Terms of Enrollment
Pacific Northwest Tax School’s course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students taking continuing education courses shall have twelve months from date of enrollment to successfully complete the course and receive their Certificate of Completion. Students taking the federal only portion or the Oregon 80 Hour Basic Tax Course students have nine months from the date of enrollment to sucessfully complete the course.
Basic Tax Law
Students taking any Basic Tax Law course, agree to comply with all Terms of Enrollment outlined the enrollment agreement form for that course, a link to which can be found on the catalog page for each Basic Tax course.
Prerequisites & Advance Preparation
Students intending to write the Oregon State Tax Exam, must be at least 18 years of age, and have High School Diploma or GED. Students using our self-paced internet based program should prepare for classes by downloading and printing course materials. For more information including detailed course descriptions and learning objectives, view the details of each course, located on Pacific Northwest Tax School’s catalog pages at: https://www.pnwtaxschool.com/list-of-all-courses/
Cancellations/Refunds
Continuing professional education courses including interactive, non-interactive and correspondence program fees are non-refundable and non-transferable. Webinars/Webcasts are non-transferable and in most cases non-refundable. A student may choose to be switched to another Webinar/Webcast of equal or lesser value if a conflict with the scheduled time exists. In the case of a missed Webinar/Webcast a request to transfer to a new Webinar/Webcast must be made with 48 hours of when the Webinar/Webcast aired. Refunds will be issued ONLY prior to the start of the Webinar/Webcast. A $15.00 processing fee will be withheld from all refund amounts. For more information regarding administration policies including complaints and refunds, please contact our offices at 503-646-5600.
Problem Resolution
Pacific Northwest Tax School gives the highest priority to delivering quality education programs. If you have concerns about our programs please contact the Pacific Northwest Tax School Education Coordinator at: support@pnwtaxschool.com
Disclaimer
Manuals distributed and programs sponsored by Pacific Northwest Tax School are designed to teach application of tax laws. Pacific Northwest Tax School works to provide accurate and timely material to students, however the school does not have any responsibility if human and/or mechanical error exists. Accordingly, no assurance is given by Pacific Northwest Tax School that such information is totally comprehensive or accurate in its coverage of such subject matter. Information published or sponsored by Pacific Northwest Tax School should not be relied upon as a substitute for independent research to original sources of authority such as the Internal Revenue Code, IRS Publications and Internal Revenue Rulings. Pacific Northwest Tax School, its authors, and instructors do not render legal, accounting, or other non-educational professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought. Credit hours are subject to change without notice.
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