Hello and welcome to the session. This is Professor for Hat, and in this session, we're going to be looking at basic considerations, specifically the basis for gift and inherited property. This topic is covered in the income tax course, the CPA Regulation section, and the Enrolled Agent exam. Now, I would like to remind all viewers to connect with me on a professional level, which is thrilling for me. If you don't have a link, I strongly suggest you create a LinkedIn account. It's good for your professional image and a great way to network with others in your industry. If you have a Facebook account, I do have a Facebook page where you can also connect with me on a personal level. It's important to make sure you subscribe to my YouTube channel. This is where I have all my lectures, so you can stay up to date. If you like the lectures, please like them, put them in playlists, and share them with others. If you know anyone who's interested, email them the link. By doing so, you'll help others, just like these lectures are helpful for you. It's good to spread the wealth. My Twitter account is listed on the screen, and I also have a website where I've listed all my lectures organized by course and chapter. If you're viewing this recording, it means you're either a CTA student or an accounting student taking an income tax course. In either situation, I want to let you know about Jaeger CPA Review. If you like this recording, you can view hundreds of hours of video lectures, work through thousands of multiple-choice questions with detailed solutions, access a textbook, audio lectures, electronic flashcards, and more. If you choose Jaeger as your CPA or accounting student supplement for...
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Sale of inherited property at a loss Form: What You Should Know
How to Report the Sale of an Annuity or an Investment Contract or Stock on a Schedule D — IT How the sale of an annuity or investment contract or stock qualifies for a capital loss on Schedule D Apr 27, 2025 — Report the sale of any property to an IRA on Schedule D by: Enter the current value in the “Current Property” line of the “Schedule D” column; and Select the IRA column; Select annuity in the dropdown box; and Select the “Inherited” column; and Select either capital or foreign losses. How to claim the loss or credit an additional amount of sales tax on the real estate inventory sale — IRS Nov 20, 2025 — If the real estate for sale qualifies for the capital loss tax, enter its current sale price or sale price of the property on Form 8949 that will be paid to you by the sale seller. However, this can only be accomplished if the property is sold within 10 years of the sale of the real estate for that reason.
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