Publisher
WiseGuides, Inc.
2796 Greenspire Ln
Akron, Oh 44333
Small Business Stock
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Copyright © 2010 | Field of Study: Taxes Level: Basic Recommended CPE Credit 2 hours Prerequisites: None Advanced Preparation: None Type of Delivery: Self-Study Expiration: Course expires 1 year after purchase Course Update: June, 2010 Accreditation: NASBA, IRS, CTEC, OTPB Guarantee/Complaint Resolution |
Course Outline
Lesson 1 - SECTION 1244 ORDINARY LOSS
Learning Objectives 1
Gains and losses
What is small business stock
What is a small business corporation
Treatment of losses on Section 1244 stock
Reporting losses
Lesson 2 - SECTION 1202 EXCLUSION
Learning Objectives 2
Section 1202 treatment
Qualified small business stock
Qualified small businesses
Active business test
Limits on exclusion of gain
Disposition of QSBS by pass-through entities
Rollover of Gain
Lesson 3 - SECTION 1044 ROLLOVER ELECTION
Learning Objectives 3
Section 1044 rollover election
Amount of gain to be postponed or recognized
Limit on amount of gain postponed
Reduction of basis of replacement property
How to report
Course Objectives
Lesson - 1After completing Lesson 1, you will be able to:
- Figure the eligible Section 1244 stock loss and the treatment
- Identify the requirements for a loss to be treated as a Section 1244 loss
- Identify the reporting treatment of a Section 1244 loss
After completing Lesson 2, you will be able to:
- Determine the rate of exclusion of gain under Section 1202
- Identify an eligible corporation under Section 1202 for purposes of the active business test
After completing Lesson 3, you will be able to:
- Identify the tax treatment for the rollover of gain from Section 1044 stock