BEGIN:VCALENDAR
VERSION:2.0
CALSCALE:GREGORIAN
BEGIN:VEVENT
URL:https://www.learndesk.us/class/5661485168590848/lesson/cd72e6b366a5d97f0b1335aac1827013?ref=outlook-calendar
SUMMARY:Calculating the Properties Adjusted Basis
DTSTART;TZID=America/Los_Angeles:20260513T190000
DTEND;TZID=America/Los_Angeles:20260513T200000
LOCATION:https://www.learndesk.us/class/5661485168590848/lesson/cd72e6b366a5d97f0b1335aac1827013?ref=outlook-calendar
DESCRIPTION: 
The adjusted basis calculation should start with the HUD-1 settlement statement if one is available. If one is not available, the two parties to the transaction may have made up a contract between them. Either way, documents giving the specifics of the transaction are required to calculate the adjusted basis of the property. A copy of a HUD-1 Settlement Statement is included in this lesson. Let's discuss it in more detail. The image below shows the header of the settlement statement. We as tax preparers, real estate agents, or insurance agents don't need to pay much attention to the top bar of the header, but we do need to examine the other boxes. The property location, the names of the borrower and seller, and the settlement date are very important.

Let's continue on and look at the borrower's details. The borrow should be the same individual as the person buying the property. If not, the buyer will not be at risk in the property and may not be able to take any losses. Line 101...

https://www.learndesk.us/class/5661485168590848/lesson/cd72e6b366a5d97f0b1335aac1827013?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
BEGIN:VALARM
TRIGGER:-PT10M
DESCRIPTION:Class Reminder
ACTION:DISPLAY
END:VALARM
END:VEVENT
END:VCALENDAR