Sale of a Principal Residence (Currently Unavailable)

Author: Annette Nellen

While the basic concept for the gain exclusion for sale of a residence is fairly straightforward, there are numerous definitions, effective dates and special rules that can make any transaction complex.

This program covers the basics of Code Section 121 on the gain exclusion rule, along with the definitions.

Publication Date: March 2014

Designed For
Anyone who needs to understand the gain exclusion rule of Code Section 121

Topics Covered

• Special rules for when a home has also been rented or remodeled or the requisite ownership period is not met
• Individuals who own multiple homes or who have a change in marital status
• Special definitions and rules
• Tax planning possibilities
• How to avoid mistakes

Learning Objectives

• Apply the gain exclusion rule of Code Section 121
• Develop a checklist to aid in application of the gain exclusion rule

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None