Capital Gains and Losses: The Fundamentals
After completing this course, the learner should be able to:
- Classify assets as capital or noncapital under IRC Section 1221
- Calculate a taxpayer’s net capital gain or loss
- Determine the applicable federal tax rate for capital gains
- Compute adjusted net capital gain by incorporating qualified dividend income and excluding amounts taxed at special rates
- Evaluate whether stock qualifies as qualified small business stock (QSBS) under IRC Section 1202, and compute the excludable gain using the correct exclusion percentage
Instructor bio
Stan earned his bachelor’s degree in Business Administration from California State University, Northridge in 1980. He now runs a two-office tax, accounting and consulting practice in Oakland and San Francisco, California. The practice focuses on high net worth individuals and small businesses, providing quality, personalized financial and tax guidance. Stan has taught continuing education courses to practitioners throughout the country on a regular basis for over 10 years. Stan has been a regular guest on a local radio talk show discussing taxes and has been quoted several times in local papers. He previously taught accounting courses in junior colleges in Southern California.
A Becker Professional Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823