Income Tax Selling Your Home – (Free Course)

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What you’ll learn

  1. Tax consequences of home sale
  2. How to calculate the gain or loss on a home sale
  3. Requirements to qualify for an exclusion of gain
  4. Requirements to qualify for a partial exclusion of gain
  5. How to calculate taxable amount of home sale
  6. How to calculate basis or adjusted cost of home sale

This course includes:

  • 3.5 hours on-demand video
  • 1 article
  • 20 downloadable resources
  • Access on mobile and TV
  • Full lifetime access
  • Certificate of completion

Description

Home sale tax consequences including discussion of eligibility of exclusions, calculating the gain or loss on a sale, & entering the data into tax forms.

We will include reference material and PDF files that can be downloaded and used without an internet connection. The course will also include Excel worksheets to help with gain and loss calculations and provide examples

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The material will discuss the calculation of gain or loss on the sale of a home. We will give an example of a closing statement and how to pull information from it to calculate the gain or loss on a sale. Excel worksheets and example calculations will be provided. We will use the example problem as a reference point when we move forward in the course, zooming into parts of the calculation when applicable.

We will enter the information for the sale of the home into actual tax forms so we can see the effect on schedule D (Capital Gains and Losses) but also the effect on the rest of the tax return including the Form 1040.

The course will discuss the basis calculation including different scenarios that can complicate the calculation like the home being destroyed, condemned, received in a divorce, received as a gift, or inherited.

How to Get this course FREE?

Note: The udemy Courses Will be free for a Maximum of 1000 Learners can use the promo code AND Get this course 100% Free. After that, you will get this course at a discounted price. (Still, It’s a good deal for you to get this course at a discounted price).

External links may contain affiliate links, meaning we get a commission if you decide to make a purchase. Read our disclosure.

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