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CPE Investment Income and Expenses


Course name



Investment Income and Expenses

Recommended CPE credit


10 CPE hours - CPE credit calculated as 100% of total study time (50 minute hour)


Level/ Prerequisite


Basic / None

Number of final exam questions


50

Interactive review questions?


Yes

Course format:


Self study

Reference text:



IRS Publication 550 - Investment Income and Expenses

82 pages


Course last updated:


March 10, 2010

Subject classification:
 

Taxation

Learning objectives:
  
 To understand:
  • Investment income and tax shelters.

 

  • Taxable and non-taxable investment income.

 

  • Deductible and non-deductible investment expenses.
  • When and how to report investment income and expenses on a tax return
  • How to determine basis and report gains and losses on the sale or disposition of investment property.