Course Details

Course name:

Investment Income and Expenses

Course number:

1005.06

Number of questions:

Review: 60
Final exam: 60

Prerequisite:

None

Course level:

Basic

Recommended CPE credit:

12 CPE hours

Recommended study time:

24 hours

Course format:

Interactive self study
CPE credit calculated as 50% of total study time (i.e. 100 minute hour)

Reference text:

IRS 2006 Publication 550 Investment Income and Expenses
(free download)

80 pages

Course last updated:

June 21 , 2007

Subject classification:

Taxation

Learning objectives:

To review the tax treatment of investment income and expenses, including an explanation of what investment income is taxable and what investment expenses are deductible. 

Also discussed are when and how to show these items on your tax return, as well as how to determine and report gains and losses on the disposition of investment property.