Capital Gains and Losses - Delayed or Nonrecognized Transactions and Special Situations  

This course leads the tax preparer through capital transactions where recognition of the capital gain or loss is delayed or not recognized as in like-kind exchanges, transfers to entities, involuntary conversions, stock sales to ESOPs, and wash sales. The course also covers stock dividends, qualifying small business stock, principal residence gain, mutual fund investors, and short sales of stock. This course will clarify the calculations behind gain and loss realization and recognition. This course is most appropriate for the professional with detailed knowledge of taxation who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.

A companion course is available: Capital Gains and Losses - Identification, Classification, and Applicable Tax Rates.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.