This course contains both English and Spanish content.
This intermediate course includes how to calculate a short-term and/or long-term gain or loss. The student will understand holding period and what is a capital asset. Almost everything a taxpayer owns and uses for personal or investment purposes is a capital asset. When a capital asset is sold, the difference between the basis in the asset and the amount the item is sold for is either a capital gain or capital loss.
At the end of this course, the student will be able to do the following:
- Explain the holding periods for different types of property.
- Understand the difference between short-term and long-term capital gains.
- Identify capital assets.
- Determine the basis before selling an asset.
- Know when the primary residence is excluded from capital gain.
Field of Study: Federal Tax Law 1 Hour
Course Level: Intermediate
Prerequisite: General tax preparation knowledge is required
Delivery Method: Self-Study
Expiration Date to earn CEs: June 30, 2022.
IRS CE: 15G0B-T-00450-20-S
Learn at your own pace, read or watch the lessons, pass the exams.
Learn on your phone, tablet, or computer.
All our courses are available in English y español.
No matter where you’re at in your career, we have courses for you.
Simple Learner Experiences
Prendo365 gives you access to your course anytime, anywhere, on desktop, tablet, or mobile device. You're able to easily navigate through your course and receive your certificate of completion.
Why choose us
Over 35+ years tax preparation experience
We know what tax preparers need to succeed in their office
7+ EA’s and tax preparers on staff
Our team does extensive research to ensure you receive the best education
Bilingual live support
Having technical issues? We're ready to help you get started and complete your course.