Lecture content

This lecture video discusses the rules surrounding sale of home, including how to figure taxable gain, 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

You can purchase the manual for this course for $0.99 at http://pnwtaxschool.com/oc-catalog/al...

Pacific Northwest Tax School is approved by the following organizations as a provider of continuing education:
* The IRS
* NASBA QAS (NASBA Sponsor #109290),
* Oregon Tax Board,
* The Texas State Board of Public Accountancy (Texas Sponsor #009794)
* The New York State Board for Public Accountancy (Sponsor License #002479)

You can receive 2 hours of CE by enrolling in this course at http://pnwtaxschool.com/oc-catalog/al.... The cost of the course is $40.


Terms of use

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 shall have twelve months from date of enrollment in any continuing education course, to successfully complete the course and receive their Certificate of Completion.