| In this program, Robert Monette covers the adjusted basis of property (purchases, gifts, and inheritances), depreciation, depreciation recapture, amortization, capital assets, holding periods, calculation of gain or loss, like-kind exchanges, related party transactions, involuntary conversions, stock sales and losses, and the sale of a principal residence. He outlines the provisions of Sections 179, 1231, 1245, 1250, and 1244. Bob discusses 30 multiple choice questions and a simulation while concentrating on topics repeatedly tested by examiners. Approximate time is 2:05. |