Reporting Capital Gains and Losses – 2017 Law – Course Manual Only

Course Content

Different rules apply to the sale of capital and noncapital assets. Gains and losses on the disposition of personal and investment property are taxed differently than gains and losses on the sale of business property. This course covers reporting requirements for dispositions of capital assets on Schedule D and individual transaction reporting on Form 8949.

Topics Covered

  • Establishing if the character of gain or loss is short-term or long-term
  • Holding period
  • How to figure gain or loss on the sale of property
  • Seller financing of a contract sale
  • Treatment of capital losses and carryforwards of capital losses
  • Capital gains tax rates
  • Reporting gains from the sale of personal-use property
  • Overview of Form 1099-B – Proceeds From Broker and Barter Exchange Transactions
  • Instructions for completion of Form 8949 – Sales and Other Dispositions of Capital Assets
  • How to complete Schedule D – Capital Gains and Losses
  • How to figure tax using the Capital Gains Tax Worksheet
  • Comprehensive illustration covering the tax mechanics of preparation of Forms 8939, 8949, FinCEN 114, and Schedules B and D


By the conclusion of this course you should be able to:

  • Distinguish between a sale and a trade
  • Explain special rules for sales between related parties
  • Distinguish between a capital and noncapital asset
  • Evaluate information to determine the holding period for capital assets
  • Evaluate whether you have a taxable sale or trade
  • Interpret information provided on 1099-B tax reporting documents
  • Determine basis adjustments for reporting stock sales by employees where basis is increased by amounts included on Form W-2
  • Prepare Form 8949 and Schedule D

The course manual is delivered as a PDF document which you can download and print.


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Section 8.1

Course Manual Only

Course Type:



2017 Tax Law

Registration Status:

Registration Open

Ends: Friday, November 1st, 2019 11:59 PM (PDT)

Course Status


Started: Thursday, November 1st, 2018 11:59 PM (PDT)

Ends: Sunday, November 1st, 2020 11:59 PM (PDT)

Course Length:

0 Hours

Course Fees:

Course Materials $5.99
Total $5.99

Course Credits:   0

No CE is awarded with the purchase of this manual. You must enroll in and complete the full version of this course to received CE.

Field of Study


Program Level



Basic tax knowledge

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