Interest Tracing & Home Mortgage Interest - 3 Hours CPE

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,