CE/CPE Course Information

Reporting Income from Debt Cancellation (2020)

CPE Credits: 2
Subject Area: Taxation
Field of Study: Taxes
Program Level: Overview
Lesson Version: 2020
Publication/Revision Date: March 24, 2020
Prerequisites/Advanced Preparation: None
Written By: James R. Hasselback, Ph.D.

Learning
Objectives
After completing this course, you will be able to
  • Identify the types of discharged debt that are excluded from income
  • Determine when discharged debt should be included in income
  • Identify the amount of discharged debt to include in income
Course Topics
  1. Introduction
  2. Qualified Principal Residence Indebtedness
  3. Reduction of Tax Attributes
  4. Non-Principal Residence Property
  5. Insolvency
  6. Qualified Real Property Business Indebtedness
  7. Student Loans

This self-study course consists of an Audiovisual presentation or a 10-question True/False Introductory quiz, a Knowledge Transfer Outline with multiple-choice questions for study and review, and a Qualified Assessment of 10 questions.

This course is designed for your convenience. You may log out at any time during the course; your current position and all work will be saved. The next time you log in, you can resume right where you logged off.

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