Compass Tax Educators

As our clients age, many put real estate into a life estate.  This session examines the life estate from its initial set up to the premature sale.

Learning Objectives

• Explain what a life estate is and when if may be advisable.
• Calculate the basis of a property placed into a life estate.
• Describe how to prepare Form 709 to report the life estate.
• Describe how to report the sale prior to the death of the grantor.

Education Information

IRS Program Number: NMVBP-T-00246-23-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: QAS Self-Study (NASBA); On-Demand (IRS)

Field of Study: Taxes (NASBA); Federal Tax Law  Topics/Federal Tax Related Matter (IRS)

Credit hours: 2 NASBA CPE / 2 IRS CE

Information can be found quickly by searching keywords in the text/PowerPoint using the built-in search feature.

Course expires one year after purchase.

Instructor: Kathryn M. Keane, EA Click here to learn more about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our refund and education policies.