Selling business property? Tax reporting gets tricky. This course helps you calculate gain/loss, its character, and how to report it. It also covers special situations like installments, foreclosures, and exchanges.

Learning Objectives

• Determine the gain or loss on the sale of business property, including determining the amount realized and adjusted basis
• Determine the character of any gain or loss on the sale of business property and properly reporting the transaction, including any depreciation recapture
• Properly report special situations relating to the sale of business property, including installment sales, foreclosures, involuntary conversions, and like-kind exchanges