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Foreclosure and Debt Relief Online CPE

$ 50.00

This course will teach the student how to deal with the information provided on the 1099-A and 1099-C forms; they will learn how to determine the amount of debt relief and figure the sales price and disposition of the underlying property by foreclosure, abandonment and short sale. The course will also explain the options for the various COD income exclusions and how to apply them, including Insolvency, Home Mortgage Debt Relief Income, Qualified Real Property Indebtedness (for rental property), Student Loan and Qualified Farm Indebtedness. The course also includes Rules for Attribute and Basis Reduction and line-by-line instructions for completing Form 982, as well as unique flow charts for each type of exclusion taking you through the various steps and options for each.