Product Description
Delivery: Text Based
Instructor: WiseGuides
Credit Hours: 3
Field of Study: Federal Tax
Approval: IRS, CTEC
Course Description:
After completing this course you will be able to:
Identify items included in the basis of property
Figure the basis of stock
Apply the rules for figuring basis in nonbusiness property
Determine how certain costs are recovered under the uniform capitalization rules
Determine which costs must be added to the basis of the land
Identify the adjustments that increase and decrease the basis of property
Figure the adjusted basis of real property
Determine the basis of property received for services
Figure the basis of property replaced for condemned property
Figure the basis when there is a taxable exchange
Figure the basis when there is a like-kind exchange
Figure the basis of gifts received after 1976
Figure the basis of property of a surviving tenant
Determine the basis for depreciation for property changed to business use