Real estate professionals can increase their value to their customers by learning the tax implications of home sales in the USA. Discover strategies every real estate agent can use, including how to identify the sources of active, portfolio, and passive income. Discover how long- and short-term capital gains and losses are treated. Learn how depreciation affects taxable income, cost basis, and taxation of capital gains. You will also look at the ownership and use requirements for claiming a section 121 exclusion of gain, how to calculate taxable home sales gains, and more. A great resource in helping agents better understand tax implications and assist their clients.
Intro to income taxes * Home sales exclusion of gains * Calculating taxable home sales gains
Convenient for home or office study! Chapter reviews help focus on important terms and concepts. Frequent quizzes reinforce the material. Case studies help you understand complex concepts.
