Sale of Home – 2019 Law – Self-Study (No Videos)
This course discusses the rules surrounding sale of home and recapture of the first-time homebuyer credit.
- 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
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.
Self-Study (No Videos)
2019 Tax Law
|IRS (Federal Tax Law)||1 Hour|
|Oregon Tax Board||1 Hour|
Field of Study
Basic tax knowledge
Self-study (No Videos)
IRS Federal Program Number
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.
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Basic Tax Law
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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/
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