Federal Taxation II: Property Transactions of Business Owners and Shareholders

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Course Overview

What You'll Learn

  • NOTE: Course Update Coming Soon!
  • We’re currently updating this course to reflect major changes to U.S.
  • tax law made by the 2025 legislation commonly known as the One Big Beautiful Bill Act.

NOTE: Course Update Coming Soon! We’re currently updating this course to reflect major changes to U.S. tax law made by the 2025 legislation commonly known as the One Big Beautiful Bill Act. An updated version of the course will launch in early 2026, with revised lessons, examples, and explanations that align with the new law. In the meantime, please note that some content may reflect pre-2025 rules. This course examines the U.S. federal tax system as it relates to property transactions of business owners and shareholders. Topics include cost recovery, such as depreciation, amortization, and depletion; calculation of realized versus recognized gains and losses; evaluation of the potential tax effects of nontaxable exchanges; and the combining, or netting, gains and losses that are different in nature. Assignments facilitate self-discovery of knowledge and development of a variety of professional skills.

Course FAQs

Is this an accredited online course?

Accreditation for 'Federal Taxation II: Property Transactions of Business Owners and Shareholders' is determined by the provider, University of Illinois Urbana-Champaign. For online college courses or degree programs, we strongly recommend you verify the accreditation status directly on the provider's website to ensure it meets your requirements.

Can this course be used for continuing education credits?

Many of the courses listed on our platform are suitable for professional continuing education. However, acceptance for credit varies by state and licensing board. Please confirm with your board and {course.provider} that this specific course qualifies.

How do I enroll in this online school program?

To enroll, click the 'ENROLL NOW' button on this page. You will be taken to the official page for 'Federal Taxation II: Property Transactions of Business Owners and Shareholders' on the University of Illinois Urbana-Champaign online class platform, where you can complete your registration.