• Explain what the Section 121 Gain Exclusion is and how it can benefit a homeowner when selling a home.
• If a homeowner sells their home and then decides to rent:
  • Explain the tax advantages and disadvantages of renting, and the potential expenses that can be deducted.
• What tax forms are used to report the income/expenses when selling a home and when renting?

Part 2

Then, take a moment to reflect on what you have learned over the last 11 weeks and answer the following:

• How will you apply what you have learned in this course in your professional and personal life?
• What challenges did you have in this course, and how did handle them?