Publisher
WiseGuides, Inc.
2796 Greenspire Ln
Akron, Oh 44333
Schedule D course
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Copyright © 2010 | Field of Study: Taxes Level: Basic Recommended CPE Credit 4 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 - Capital Gains and Losses
Learning Objectives 1
Who Uses Schedule D?
What is a Sale or Trade?
Ordinary or Capital Gain/Loss
Investment Property
Related Person Sales
Subdivision of Land
Timber
Lesson 2 - Main Home
Learning Objectives 2
Personal Residence
Gain/Loss - Main Home
Jointly Owned Home
Form 1099-S
Excluding the Gain
Ownership and Use Tests
Exception For A Disability
Home Destroyed or Condemned
Business Use or Rental
Reporting the Gain
Installment Sale
Lesson 3 - Involuntary Conversions
Learning Objectives 3
Involuntary Exchanges
Condemnations
Main Home Condemned
Condemnation Award
Personal-Use Property
Lesson 4 - Small Business Stock
Learning Objectives 4
Section 1202
Pass-Through Entities
Reporting
Gain From Form 1099-DIV
Gain From Form 2439
Gain From an Installment Sale
Alternative Minimum Tax
Rollover of Gain - QSB Stock
Section 1244 Losses
Lesson 5 - Other Schedule D Items
Learning Objectives 5
Nonbusiness Bad Debts
Worthless Securities
Traders in Securities
Mark-to-Market Election
Section 1256 Contracts
Wash Sales
Short Sales
Securities Futures Contracts
Options
Calls and Puts
Lesson 6 - Adjusted Basis - Stock
Learning Objectives 6
Stocks and Bonds
Identifying Stock and Bonds
Adequate Identification
Mutual Fund or REIT
Automatic Investment Service
Dividend Reinvestment Plans
Stock Dividends
Stock Rights
Capital Gain Distributions
Return of Capital
Lesson 7 - Reporting Gains and Losses
Learning Objectives 7
How to Report on Schedule D
Information Returns
Reconciling Forms
Other Forms
Simplified Schedule D
Long and Short Term
Holding period
Net Gain or Loss
Sale Expenses
Treatment of Capital Losses
Short-Term and Long-Term Losses
Joint and Separate Returns
Death of Taxpayer
Lesson 8 - Capital Gain Rates
Learning Objectives 8
Capital Gain Tax Rates
Using the Capital Gain Rates
Collectibles Gain or Loss
Gain on QSBS
Unrecaptured Section 1250 Gain
Form 4952
Form 4797
Lesson 9 - Comprehensive Example
Learning Objectives 9
Schedule D - Gains and Losses
Course Objectives
Lesson - 1After completing Lesson 1, you will be able to:
- Figure the recognized capital gain in a related person sale
After completing Lesson 2, you will be able to:
- Apply the ownership and use tests regarding a sale of main residence
- Identify special situations in which a taxpayer does not qualify to exclude all or part of the gain from the sale of a main residence
After completing Lesson 3, you will be able to:
- Figure the amount of condemnation award when the state pays the mortgage holder and taxes
After completing Lesson 4, you will be able to:
- Figure a Section 1202 taxable gain
- Figure the amount and character of a Section 1244 loss
After completing Lesson 5, you will be able to:
- Identify how to report non business bad debts
- Identify how to treat worthless securities
- Define Call and Put options
After completing Lesson 6, you will be able to:
- Identify the tax treatment of capital gain distributions
- Figure the amount of long-term capital gain
After completing Lesson 7, you will be able to:
- Identify what is reported on Form 1099-B
- Determine how to report net capital/gains and losses for the year
- Figure the amount of capital loss that can be deducted for the year and the carryover amount
- Determine the long-term holding period
After completing Lesson 8, you will be able to:
- Figure the taxable gain and the applicable tax rate
- Identify which tax computation applies
After completing Lesson 9, you will be able to:
- Figure the amount of net gain/loss to report on Schedule D