Business Property: Gain, Loss, and Other Issues

Overview

Selling business property? Tax reporting gets tricky. This course helps you calculate gain/loss, its character, and how to report it. Covers special situations like installments, foreclosures, and exchanges.

Find this course for your license

License or Certification

Regulator

Objectives

determine the gain or loss on the sale of business property, including determining the amount realized and adjusted basis
determine the character of any gain or loss on the sale of business property and properly reporting the transaction including any depreciation recapture
properly report special situations relating to the sale of business property, including installment sales, foreclosures, involuntary conversions, and like-kind exchanges

Tax Year: 2023

Designed For:

CPAs, EAs, and other tax professionals

WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

Course Information

Adding additional credit may change exam requirements.

Advanced Preparation:

None

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