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Open Exam Prep episodes
- [Tax] 7, Long-Term Capital Gains Rates
0%, 15%, 20% based on income thresholds; 25% for Section 1250 recapture, 28% for collectibles. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
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More Exam Prep Content Visit: https://open-exam-prep.com/
4 min - [Tax] 6, Related Party Transactions
Losses are disallowed; buyer has double basis (FMV for losses, seller’s basis for gains). --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
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More Exam Prep Content Visit: https://open-exam-prep.com/
4 min - [Tax] 10, Personal Residence Gain Exclusion
Exclude up to $250,000 ($500,000 for MFJ) if ownership and use tests are met. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
4 min - [Tax] 5, Gifted Property Basis
General rule is carryover basis; exceptions apply for loss property and appreciated property with gift tax paid. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
4 min - [Tax] 4, Inherited Property Basis
Basis is FMV at date of death or alternate valuation date; holding period is always long-term. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
4 min - [Tax] 3, Adjustments to Basis
Increases include capital improvements; decreases include Section 179 and depreciation. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
4 min - [Tax] 2, Cost Basis
Original cost basis includes purchase price, FMV of exchanged property, sales tax, freight, installation, and testing costs. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
4 min - [Tax] 1, Types of Assets
Capital, Section 1231, and Ordinary Income Assets. Capital assets include most personal and investment assets, while Section 1231 covers depreciable business property. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
4 min - [Retirement] 28, 457 Plans
Nonqualified deferred compensation plans for government and tax-exempt entities, with special catch-up provisions. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
5 min - [Retirement] 27, 403(b) Plans
Available to public schools and certain nonprofits, with unique contribution limits and catch-up provisions. --
The CFP Exam is known for its difficulty, and as I embark on this learning journey, I’ve found it to be quite challenging. I created this podcast to document my study notes, and I hope you find them helpful in your own preparation.
--
More Exam Prep Content Visit: https://open-exam-prep.com/
5 min
About Open Exam Prep
From the publisher's feed
Open Exam Prep: Mastering Financial Exams
The path to becoming a certified financial professional is known for its difficulty, and finding high-quality, accessible study material shouldn't be the hardest part.
Created by Ran Chen—an AI application enthusiast, Financial Advisor, and holder of the EA (Tax), Life Insurance, Series 6/63/65, and CFP® designations—this podcast was born from personal experience. Having navigated these challenging exams himself, Ran realized the need for better resources and created Open Exam Prep as a free solution for aspiring professionals.
Each episode breaks down complex major exam topics into clear, digestible lessons, covering everything from tax planning and estate strategies to retirement solutions and investment principles. Whether you’re studying during your commute, workout, or downtime, we are here to guide you—one question, one topic, one victory at a time.
Visit for more content: https://open-exam-prep.com/
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