Learning Objective: After completing this course, the student will be able to apply the Reg. Sec. 1.163-8T interest tracing rules to a variety of circumstances. The student will learn how to apply home mortgage interest limitations, allocate interest for refinance issues, determine excess debt, determine what home construction interest is deductible, allocate interest when a home is converted to a rental, apply limitations for second home interest, apply the beneficial ownership rules, the tax treatment of reverse mortgage interest and other special considerations. Also included in the course is the tax treatment of points, and education interest.
CPE Hours: Federal Taxation = 3 CPE Credits / Total = 3 CPE Credits
Accreditation: CTEC, IRS, Enrolled Agents, NASBA CPA
Field of Study: Federal Taxation
Publication Date: 3/30/2023
Instructional Delivery Method: Self-Study
Level: Intermediate
Prerequisites: None
Advanced Preparation: No Advanced Preparation Required
Author: Lee Reams, Sr.
Course Material: A copy of the course material is available for download under the Additional References tab.
Refund Policy: Your complete satisfaction is our #1 priority. At CountingWorks, Inc., we do whatever it takes to make sure your expectations are met on every order we complete. We back all of our products with a 10-day no-hassle money-back guarantee. For information regarding refunds, complaints, and program cancellation policies, please contact our Customer Service Department at 1-800-384-1101
Certified Public Accountants: CountingWorks, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
CountingWorks, Inc. is an approved provider for IRS, NASBA QAS and CTEC providing continuing education for CPAs, EAs, IRS and CRTPs.
Registration: Sign-up online by clicking add to cart above or by phone at 1-800-384-1101
