Schedule D - Capital Gains and Losses

This intermediate course includes how to calculate a short-term and/or long-term gain or loss. The student will understand holding period and what is a capital asset. Almost everything a taxpayer owns and uses for personal or investment purposes is a capital asset. When a capital asset is sold, the difference between the basis in the asset and the amount the item is sold for is either a capital gain or capital loss.

At the end of this course, the student will be able to do the following:

  • Explain the holding periods for different types of property.
  • Understand the difference between short-term and long-term capital gains.
  • Identify capital assets.
  • Determine the basis before selling an asset.
  • Know when the primary residence is excluded from capital gain.

Investment $47

1 C.E. Hour