TAILIEUCHUNG - Lecture Taxation of individuals and business entities 2015 - Chapter 14: Tax consequences of home ownership

After completing this unit, you should be able to: Determine whether a home is considered a principal residence, a residence (not principal), or a nonresidence for tax purposes, compute the taxable gain on the sale of a residence and explain the requirements for excluding the gain on the sale, determine the amount of allowable interest expense deductions on loans secured by a residence,. | Chapter 14 Tax Consequences of Home Ownership Learning Objectives Determine whether a home is considered a principal residence, a residence (not principal), or a nonresidence for tax purposes. Compute the taxable gain on the sale of a residence and explain the requirements for excluding the gain on the sale. Determine the amount of allowable interest expense deductions on loans secured by a residence Discuss the deductibility of real property taxes and describe the first-time home buyer credit Explain the tax issues and consequences associated with rental use of the home, including determining the deductibility of residential rental real estate losses Describe the requirements necessary to qualify for home office deductions and compute the deduction limitations on home office deductions Tax Status of Dwelling Unit Dwelling unit includes Home Condominium Mobile boat Other similar property Dwelling unit may be used for Solely personal use Mixture of personal use and rental use Solely .

• Quy hoạch - Đô thị
• Business entities
• Individual taxation
• Multijurisdictional taxation
• Transfer taxes
• Tax consequences
• Home ownership
• Urban market business entities
• Competitiveness of urban market business entities
• Market business entities
• Organization and management capacity
• Finance competence and business performance
• Essentials of taxation
• Business tax credits
• Corporate alternative minimum tax
• Limited liability entities
• Profits and distributions
• Entity legal classification
• Nontax characteristics
• Business income
• Accounting methods
• Operating partnerships
• Flow through entities
• The financial statements
• Business deductions
• Financial statements
• Loss limitations
• Property transactions
• Corporate taxation
• Nonliquidating distributions
• Corporate formation
• Taxable acquisitions
• Partnership interests
• Partnership distributions
• Operating distributions
• Post termination transition period
• Local taxes
• Income taxes
• Multinational transactions
• Taxing multinational transactions
• Wealth planning
• Tax rate structures
• Federal taxes
• Tax compliance
• Tax authorities
• Tax planning strategies
• Related limitations
• Individual income tax
• Filing status
• Gross income
• Recognize income
• Individual deductions
• Deductions for AGI