Topics covered include: Form 1040; Gains and losses; Involuntary conversions; Capital and ordinary assets; Capital gains and losses; Form 8949 and Schedule D; Wash sale rule and installment sale rule. Upon completing this course, you should be able to: Describe what a capital asset is; Describe tax basis and holding period; Figure gain or loss; Apply the capital loss limitation; Describe the wash sale rule; Determine reporting under the installment sale rule; Complete Form 8949 and Schedule D of Form 1040.