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.
Who Should AttendAnyone who needs to understand the gain exclusion rule of Code Section 121.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Taxes (2 hours)