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Divorce and Taxes: Community Property and Property Settlements

Taxes

Divorce and Taxes: Community Property and Property Settlements

Course 30052C · 2 hrs · CPA & EA

When clients divorce in community property states—or transfer assets as part of a settlement—the tax implications can get complicated fast. This section helps you distinguish community from separate property, understand how federal tax law treats each type of income, and navigate what happens when the marital community ends. You'll also explore the tax treatment of transferred assets, gift tax considerations in property settlements, and key rules around principal residence sales and qualified residence interest. A must for practitioners advising clients on divorce-related property issues.

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  • Hours: 2
  • Exam questions: 10
  • Eligible for: CPA & EA
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NASBA Area: Taxes

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Divorce and Taxes: Community Property and Property Settlements
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