Table of Contents.

Description:

A business goes through many ups and downs throughout the course of its life, and it is important to be able to help your client navigate through what they will need to provide for you to do your job effectively. Gain a basic understanding of Form 8949, Sales and Other Dispositions of Capital Assets, and Schedule D, Capital Gains and Losses, with this comprehensive book. Beginning with basis and disposition of a capital asset, this great resource also takes you through tax treatment of capital gains and losses, including the net investment income tax and the §121 exclusion for gain on the sale of principal residence.

Introduction to Schedule D covers:

• Identifying sales that are reported on Form 8949 and Schedule D.
• Calculating the adjusted basis of capital assets.
• Determining if the asset’s holding period is short-term or long-term.
• The tax treatment of capital losses.
• Applying the appropriate tax rates to capital gains.
• Determining if the net investment income tax applies.
• Computing the §121 exclusion for the sale of a principal residence.

Product Details:

Level: Basic level

Author: NATP Staff

Publisher: NATP

Publication Date: 2019

Format: Print

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Corresponding CPE Courses:

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Introduction to Schedule D Self-Study Course