Tax Considerations for the Real Estate Professional (CE)
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Next Course(s):
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This course is included in the following Certification Program:
- Real Estate Continuing Education Credits
Our Program is All-Inclusive:
- 8 hours of classroom instruction
- Unlimited supervised computer lab/practice time for 6 months
- A complete instruction manual
- Certificate upon completion
- Career Enhancement Services
- Full Placement Counseling
- Free Resume Review
- Job Placement Assistance
- Free Test Preparation
- Computer-Based Training Files
- Assessment Testing
- Internship Opportunities
- Guarantee: Retake the course for free until test passed and/or employed.
- Check the schedule
Topics:
Lesson 1. Tax Issues of Buying a Home.
Taxation and Residential Real Estate.
The Rent vs. Buy Decision.
Mortgage Interest and Property Tax Deductions
Exemptions
Variations
Special assessments.
Buyer's Closing Costs.
Moving Expenses.
Lesson 2. Tax Issues of Selling a Home. (2 Hours)
Selling a Home: An Overview.
Calculating a home's basis
Calculating the amount realized
Calculating gain on the sale
Sale of a Personal Residence and the Rollover Rule.
Installment method
Income Tax
The $125,000 Exclusion.
Second home deductibility
Seller-paid points
Lesson 3. A Home As An Investment. (2 Hours)
How investment homes vary from owner-occupied homes
Long term vs. Short term investments
Seller Financing.
Nontraditional vs. traditional Mortgages
Renting Out a Home
Declaration of income
Building an investment property
Lesson 4. The Role of the Real Estate Professional in the Process (1 Hours)
Ethical considerations
Legal considerations
Agents liability for tax advice
Agent as advisor to buyer/seller
Resources for Additional Information
Applicable U.S. Government Publications
