Event Description

This session provides a comprehensive overview of U.S. federal tax rules for capital gains and losses, covering asset classification, calculation and reporting of gains and losses, special tax provisions, and practical tax planning strategies for individuals and businesses.

Enrolled Agent Approved

Objectives

• Identify and classify capital assets under the Internal Revenue Code.
• Calculate and report capital gains and losses, including short-term and long-term distinctions.
• Apply special tax rules for depreciable property, nontaxable exchanges, and unique transaction.
• Implement tax planning strategies to maximize efficiency and minimize liability.
• Recognize the tax implications of special transactions and asset transfers.