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. It also covers special situations like installments, foreclosures, and exchanges. 

Find this course for your license


License or Certification 

 

Regulator 

 

Type 

 


Learning Objectives

  • Assess the adjusted basis, amount realized, and gain or loss upon the disposition of business property
  • Describe the character and reporting requirements of any recognized gains and losses upon the disposition of business property
  • Discuss special situations relating to the disposition of business property, including installment sales, foreclosures, involuntary conversions, and like-kind exchanges
  • Assess the adjusted basis, amount realized, and gain or loss upon the disposition of business property
  • Describe the character and reporting requirements of any recognized gains and losses upon the disposition of business property
  • Discuss special situations relating to the disposition of business property, including installment sales, foreclosures, involuntary conversions, and like-kind exchanges


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