20WC-0284: Selling a Principal Residence (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Thursday, July 23, 2020
11:30am - 12:30pm Central Time
1 CPE (1 technical)
The sale of a personal residence with a gain can be subject to favorable tax treatment. Focus on a special rule that is available for the sale of a principal residence.The calculation of the potential gain or loss will be discussed. Qualification for the favorable gain exclusion will be explained. Special facts related to the ownership and use of the residence will be identified and their consequence evaluated.Discuss the sale of a personal residence at a loss during this session. Plus, identify and evaluate tax planning ideas and strategies.
Major subjects
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Determination of the gain from the sale of a principal residence
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Explanation of the requirement that must be satisfied to be eligible for the exclusion including consideration of special ownership and use situations
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Calculation of the amount of the exclusion
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Tax considerations if the personal residence is sold at a loss
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Tax planning ideas and strategies
Learning objective(s)
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Consider the law which determines the calculation of the recognized gain or loss.
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Explain the requirements that must be satisfied to be eligible for the exclusion.
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Identify the significance of special facts related to ownership and use of the residence.
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Determine the amount of the exclusion.
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Evaluate the tax considerations related to the sale of a personal residence at a loss.
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Identify and evaluate tax planning strategies.
Who should take this program?
CPAs, lawyers, tax professionals and personal financial advisers.
Fees
Our records indicate
you are a
nonmember.
If you register, you will be charged
$50.00
(Standard Nonmember Fee).
Members: Please
log in
to receive member fee.
|
Standard Member Fee |
$37.00
|
 Standard Nonmember Fee |
$50.00
|
