Sale of Home – 2017 Law – Course Manual Only

Course Content

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

By 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.

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:

CPE Tax

Term:

2017 Tax Law

Registration Status:

Registration Open
Ends: Tuesday, November 5th, 2019 11:59 PM (PDT)

Course Status

Available Started: Monday, November 5th, 2018 11:59 PM (PDT) Ended: Thursday, November 5th, 2020 11:59 PM (PDT)

Course Length:

0 Hours

Course Fees:

Course Materials $1.99
Total $1.99

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

Taxes

Program Level

Intermediate

Prerequisite

Basic tax knowledge

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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

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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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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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