Income — Capital Gain or Loss

Holding Period

• Introduction
  • Welcome!
  • Objectives
  • Intake/Interview Process
• Reporting Capital Gain or Loss
  • Reporting a Capital Gain or Loss
  • Key Reporting Information
• Basis of Stock
  • Basis and Adjusted Basis
  • Basis Other than Cost
• Holding Period
  • Holding Period and Proceeds
  • Long-Term or Short-Term
  • Topic Activity
• Proceeds from the Sale
  • Form 1099-B
  • Taxpayer Records
  • Sales Price
• Schedule D, Parts I and II
  • Parts of Schedule D
  • Form 8949, Sales and Other Dispositions of Capital Assets
  • Capital Gain Distributions
  • Reporting Other Gains
  • Reporting Stock Gains or Losses
• Capital Loss Carryovers
  • Carryover Losses
• Capital Gains and Losses Summary
  • Summary
• Sale of Main Home
  • Introduction
  • Exclusion Amount
• Main Home
  • Definition of Main Home
• Ownership and Use Tests
  • Period of Ownership and Use
  • Married Homeowners
• Gain on Sale of Main Home
  • Important Terms
  • Selling Price
  • Amount Realized
  • Basis
  • Adjusted Basis
  • Figuring the Gain
• Reporting Gain from the Sale of a Home
  • When Gain Must Be Reported
  • Reporting Gain from the Sale of a Home
• 5-Year Test Period Suspension
  • Qualified Official Extended Duty
• Out of Scope
  • Out of Scope Situations for VITA/TCE
• Summary and Exercises
  • Summary
  • Practice Lab
• Conclusion
  • Conclusion

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