Surgent's Capital Assets: Basis & Taxation for Financial Professionals

Overview

This course provides a comprehensive understanding of capital assets taxation, basis determination & related tax planning strategies. Participants will explore the fundamental classification of capital assets, the distinction between realization & recognition of gains & losses & the complex rules governing disallowed losses. The course thoroughly examines the various types of capital gains & losses, including short-term, long-term & special categories such as unrecaptured Section 1250 gains & collectibles. Attendees will learn the intricacies of netting capital gains & losses, calculating tax liabilities across different income types & distinguishing between marginal & effective tax rates. The course also covers advanced topics including basis adjustments, wash sale rules, related-party transactions & inherited property treatment. By the end of the course, participants will be equipped with the knowledge & tools to guide clients in implementing effective capital asset strategies that minimize tax liabilities while ensuring regulatory compliance.