Compass Tax Educators

You must complete this course by 12/31/26 to earn continuing education.

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
Credit hours: 2 NASBA CPE / 2 IRS 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 Topics/Federal Tax Related Matters (IRS)

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 Learn more about our instructors here.

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.