Real estate professionals can increase their value to their customers by learning the tax implications on home sales in the U.S. Discover strategies every real estate agent can use, including how to identify the sources of active, portfolio, and passive income. Discover how long- and short-term capital gains and losses are treated. Learn how depreciation affects taxable income, cost basis, and taxation of capital gains. You will also look at the ownership and use requirements for claiming a section 121 exclusion of gain, how to calculate taxable home sales gains, and more. This is a great resource in helping agents better understand tax implications and assist their clients.
Table of Contents
Chapter 1: Introduction to Income Taxes
Chapter 2: Home Sales Exclusion of Gain
Chapter 3: Calculating Taxable Home Sales Gains