Principal Residence Tax Issues


With this course, you’ll examine a variety of tax issues relating to the taxpayer’s principal residence from the date of purchase to the date of disposition. You’ll review the mortgage interest deduction, deductible business travel to and from the residence, and the §121 exclusion, as well as converting a residence to a rental and claiming missed depreciation.


Upon completion of this course, you will be able to:

  • Summarize the requirements for deducting home mortgage interest and real estate taxes on Schedule A, Itemized Deductions.
  • Determine if a taxpayer has a home office that is the taxpayer’s principal place of business.
  • Distinguish deductible business transportation versus nondeductible commuting for travel between the residence and another location.
  • Determine the basis of a residence when it is converted to a rental and upon disposition.
  • Claim missed depreciation by filing Form 3115, Application for Change in Accounting Method.
  • Compute the §121 exclusion and report the sale on Form 8949, Sales and Other Dispositions of Capital Assets, or Form 4797, Sale of Business Property, when there has been business use of the residence.

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.


Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

Self-study courses and exams generally expire one year from the date of purchase. The AFTR course expires on December 31 of each year as required by the IRS.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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