The objective of this course, based on Nolo's essential Retirement Tax guide by Twila Slesnick and John Suttle, is to review the tax ramifications of particular issues or decisions after retirement, such as your health, your family, or your investments.
Summary of Contents:
Some Tax Basics
Charitible Contributions and Volunteer Work
Your Rental Property or Vacation Home
Personal Loans and Purchases
Gifts, Inheritances, and Surviving Your Spouse
Sample Exam Questions:
1. Which of the following is true about a Roth IRA?
a) Contributions are sometimes deductible.
b) You cannot contribute to a Roth IRA after age 70½.
c) You must begin taking a required minimum distribution when you reach age 70½.
d) Distributions are entirely tax-free if you satisfy certain criteria.
2. When you claim a depreciation deduction for rental property, you may claim a depreciation deduction for
the building and the land on which it sits.