Complex §121- Beyond 2/5 Year Rule

2 CE Topic
Written By Natalie Kolodij

Summary

Section 121 sophisticated topics unveiled. During this session, we will cover real-life errors, complex scenarios and planning gems. You won't want to miss this class because your client’s half-million-dollar gain exclusion depends on it!  One of the most common real estate-related code provisions the primary home sale exclusion is often misapplied resulting in tax being paid when not necessary or gain being excluded when it doesn’t qualify. This class will dive into the more detailed nuances to ensure this fantastic code section is being applied correctly to even the most unique situations.

Objectives


Upon completion of this session, you will be able to:

  • Outline the basics of the §121 exclusion  

  • Recall the most common mistakes that lead to taxpayers paying unnecessary gain  

  • Summarize planning opportunities and applicable advanced strategies 

  • Explain the complexities of unique situations   

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CPE information
Duration: 100 minutes

Course level: Intermediate

Natalie Kolodij
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