Back to the library
Section 1231 Property, Depreciation Recapture, and Reporting

Taxes

Section 1231 Property, Depreciation Recapture, and Reporting

Course 30503A · 2 hrs · CPA & EA

Business asset sales come with their own set of rules—and getting them wrong can be costly. This course walks through Section 1231 gains and losses, depreciation recapture under the tax code, and how to accurately report everything on Schedule D, Form 8949, and Form 4797. Whether you're preparing returns for sole proprietors, partnerships, or corporations, understanding these rules is essential for correctly characterizing gains and losses and completing the right forms.

Audio Preview

  • Hours: 2
  • Exam questions: 8
  • Eligible for: CPA & EA
View PDF Preview

NASBA Area: Taxes

Take this course free

Create a free account and get 2 credits instantly — no payment needed.

Already have an account? Log in

Section 1231 Property, Depreciation Recapture, and Reporting
No cover image