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Basic Federal Income Taxation: Property Transactions: Capital Loss Mechanics

This lesson is best used after studying Federal Income Taxation: Property Transactions, in class. The lesson includes problem sets to work through, allowing you to apply the Code and Regs. to a variety of situations involving capital gain and capital loss mechanics.

Learning Outcomes

On completion of the lesson, the student will be able to:

  1. Calculate a taxpayer's net capital gain and loss, including for a corporation.
  2. Explain the rules for carrying forward an individual's capital losses.
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