Description:

This book is for preparing 2024 taxes. Learn the more unique items you may encounter on an individual return, such as the foreign earned income exclusion and installment sales. The course will dive into how to report transactions for employee stock benefits such as incentive stock options (ISO), restricted stock units (RSU) and employee stock purchase plans (ESPP). Additionally, the course will show the proper reporting for a publicly traded partnership (PTP) Schedule K-1 one the owner's 1040, U.S. Individual Income Tax Return, and the sale of their interest, a claim of right, the sale of life estate and like-kind exchanges.

• Summarizing the foreign earned income exclusion requirements and preparing Form 2555, Foreign Earned Income
• Explaining and reporting ISOs, RSUs and ESPPs
• Summarizing installment sale reporting
• Preparing Form 6252, Installment Sale Income
• Analyzing and reporting a PTP Schedule K-1 and the sale of a PTP on a Form 1040 and related schedules
• Identifying, calculating and reporting a claim of right
• Summarizing and reporting the sale of a life estate
• Identifying like-kind exchange requirements and preparing Form 8824, Like-Kind Exchanges

Product Details:

Item Number: 24365

Level: Advanced

Authors: NATP Staff

Published: 2024

Format: Print - 288 pages

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Corresponding CPE Courses:

Get the e-book FREE when you purchase the corresponding 2024 course.