Back to Federal Taxation II: Property Transactions of Business Owners and Shareholders
University of Illinois Urbana-Champaign

Federal Taxation II: Property Transactions of Business Owners and Shareholders

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.

Status: Income Tax
Status: Real Estate Transactions
IntermediateCourse29 hours

Featured reviews

SM

5.0Reviewed Aug 26, 2019

The instructors were very thorough and detailed. The explanations and examples provided were very helpful.

LA

5.0Reviewed Nov 15, 2019

This course offers and excellent primer in the tax treatment of property transactions. It can be a bit dry, but that is the nature of tax.

MO

5.0Reviewed Jul 17, 2020

The best Instructors in Coursera! Many thanks to instructors!

HX

5.0Reviewed May 2, 2022

lots of stuff but overall it was good. some videos need to be watched for many times...

MR

5.0Reviewed Jul 13, 2025

Excellent course for anyone wanting to understand how property transaction are taxed

CP

5.0Reviewed Nov 13, 2020

The exposition of the many complex topics was clear.

DH

5.0Reviewed May 22, 2024

This course was challenging, the minutia of detail needed. You will have to notes upon notes, review the course content. I you work a regular 9/5, planned on staying up late! Good Course.

GG

5.0Reviewed Dec 22, 2017

Very informative and nicely presented course about the US taxation regulations. One of my favorites.

SV

5.0Reviewed Jan 29, 2019

This course is very good starting point for obtaining an understanding of the Depreciation rules/ Asset classes employed

ZL

5.0Reviewed Jun 6, 2020

Great both in terms of substance and structure.

MB

5.0Reviewed Sep 14, 2021

Excellent overview of the relevant taxes applicable to property transactions. Great content and well presented!

SH

5.0Reviewed Apr 28, 2020

It was great learning with Professors, they explained all the provisions in a very systematic way.

All reviews

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