Selling a Principal Residence Webinar

• Consider the law which determines the calculation of the recognized gain or loss.
• Explain the requirements that must be satisfied to be eligible for the exclusion.
• Identify the significance of special facts related to ownership and use of the residence.
• Determine the amount of the exclusion.
• Evaluate the tax considerations related to the sale of a personal residence at a loss.
• Identify and evaluate tax planning strategies.

• Determination of the gain from the sale of a principal residence
• Explanation of the requirement that must be satisfied to be eligible for the exclusion including consideration of special ownership and use situations
• Calculation of the amount of the exclusion
• Tax considerations if the personal residence is sold at a loss
• Tax planning ideas and strategies