Enrolled Agent Exam Prep Course, Part 2, Video 3/9, 2025

Free income tax course! EA Exam Prep Course, Part 2, 2025, Businesses. Presented by Tom Norton CPA, EA. This is the third of 9 videos in the EA Tax Training Enrolled Agent Exam Preparation Course, Part 2, for 2025. It covers Assets and Depreciation, including basis, depreciation and amortization, and gain or loss on sale of business assets.

IMPORTANT: At about 1 hour 19 minutes, I discuss §1231 property. I failed to mention that land used in a trade or business and held for more than one year also qualifies as §1231 property. It does not qualify as §1250 property, because it is not depreciable, but it does count as §1231 property.

"An Easy Way to Remember Debits and Credits" video:    • An Easy Way to Remember Debits and Credits  

Want a free copy of the slides used in this, and all, of the course videos?
https://slides.eataxtraining.com/EA-A...

Want practice questions and mock exams? https://www.eataxtraining.com

No matter how many times I say this course is FREE, there are some people who insist on paying something. If that's you, you can use the "Super Thanks" feature below each video (if you don't see it, click on three dots on the far right), or you can "buy me a coffee:" https://buymeacoffee.com/eataxtraining