Self-Study Course: Capital Gains and Losses - University of Illinois Tax School
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Scroll down for course details! Self-Study Course: Capital Gains and Losses

This self-study course covers information tax practitioners need to know about the basics of gains and losses reported on Form 1040, Schedule D, Capital Gains and Losses and Form 8949, Sales and Disposition of Capital Assets. Taxpayers selling assets may be subject to capital gain taxation or capital loss limitations when assets are sold. Capital assets include almost everything owned and used for personal purposes or for investments. Various tax rates apply to gains from the sale of different types of capital assets. It's important for tax practitioners to know how to report gains/losses on the sale of capital assets.

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Self-study courses involve completing a pretest, watching a video, answering quiz questions inserted throughout the video, and successfully passing a qualified assessment (final exam) with a score of 70% or better. Each course includes a set of materials that accompany the course presentation. Each course is reviewed annually to ensure the information is up-to-date with current tax law.

This course offers 1.0 CPE credit and qualifies for IRS credit and is NASBA QAS-approved for CPA credit in all states.

This course performs best utilizing a desktop or laptop computer.

Cost: $25.00. To register, add the self-study course to your cart by selecting the date in the dropdown menu in the above box. The course expires 1 year after your purchase. Your qualified assessment (final exam) must be completed within 1 year of your purchase date.

Upon purchase, the transaction receipt that is provided via email will contain instructions to access the course. NOTE: The person purchasing this self-study course must be the same person taking the course and completing the qualified assessment (final exam).

For questions regarding refunds, registration policies, and resolving concerns, please see our Policies and Procedures page.

Les Marti photo Les Marti received his B.S. from the University of Illinois. He is an enrolled agent (EA) and has been in the income tax planning and preparation business since 1987. Les has owned and operated Marti Consulting, located in Gibson City, Illinois, since 1997 and specializes in farm and small business returns. Les has been an instructor and content reviewer for the Tax School since 2005.

Learning Objectives: By taking this self-study course, learners will be able to:

  1. Distinguish types of assets that are capital assets from those that are not.
  2. Apply capital gain/loss tax rules to various taxpayer situations, including basis, calculating and reporting gain/loss and what tax rates apply.
  3. Recognize which type of property is subject to capital gains, IRC ยง1250 gains, and gain on collectibles.
  4. Identify components of Form 8949 and Schedule D, which information is required for each, and how information is reported.

CPE Credits (qualifies for IRS): 1.0. Qualified assessment (final exam) must be passed with a score of 70% or higher.

Delivery Method: QAS self-study (online self-study)

Program Level: Overview

Field of Study: Taxes

Prerequisite(s): Professional experience preparing and amending federal tax returns.

Materials: Upon purchase, the transaction receipt that is provided via email will contain instructions to access the course materials.

Advance Preparation: None

Please see the CPE FAQ for more information.

Last updated 8/4/2017 1:00:00 PM