How many sections are on the CPA exam?

The CPA exam has 4 required sections: 3 core sections (FAR — Financial Accounting, AUD — Auditing, REG — Regulation) and 1 discipline section of your choice (BAR, ISC, or TCP).

What is the passing score for the CPA exam?

A score of 75 (on a scale of 0–99) is required to pass each CPA exam section.

How long do I have to pass all CPA exam sections?

Candidates have 30 months from the date they pass their first section to pass all remaining sections.

How many questions are in each CPA exam section?

Each section contains approximately 72–78 multiple choice questions plus task-based simulations (TBS). The exact number varies by section.

CPA TCP Practice Exam — Free 68-Question CPA Practice Test

Q01An individual taxpayer, filing single, exercised 1,000 Incentive Stock Options (ISOs) in Year 1 when the fair market ...Hard

Q02A taxpayer has the following income and losses for Year 1: - Salary: $200,000 - Interest Income: $5,000 -...Hard

Q03In Year 1, a taxpayer donates a piece of artwork to a public charity (50% limit organization). The artwork has a fair...Hard

Q04A taxpayer has $10,000 of investment interest expense in Year 1. They have the following income items: - Salary: ...Medium

Q05A single taxpayer has the following financial profile for Year 1: - Wages: $180,000 - Net Investment Income (...Medium

Q06A taxpayer had a Year 1 tax liability of $100,000 and Adjusted Gross Income (AGI) of $160,000. In Year 2, the taxpaye...Medium

Q07A taxpayer holds Qualified Small Business Stock (QSBS) acquired on January 1, 2012, for $500,000. In Year 1 (current ...Hard

Q08A taxpayer has a $50,000 loss from a 'hobby' activity in Year 1. The activity generated $20,000 of gross income. The ...Medium

Q09A taxpayer purchased a home for $1,000,000 in Year 1 (post-2017), taking out a $900,000 mortgage secured by the home....Medium

Q10A US citizen working abroad qualifies for the Foreign Earned Income Exclusion (FEIE). In Year 1, they earned $140,000...Medium

Q11A taxpayer has a Net Operating Loss (NOL) of $50,000 generated in Year 2 (post-2017). In Year 3, the taxpayer has tax...Medium

Q12A taxpayer invests $100,000 in a partnership activity. The debt structure of the partnership allocates $50,000 of non...Hard

Q13A taxpayer receives 1,000 Restricted Stock Units (RSUs) from their employer. The RSUs vest in Year 1 when the stock p...Medium

Q14A taxpayer pays $15,000 in state income taxes and $8,000 in real estate taxes in Year 1. They are married filing join...Easy

Q15A taxpayer installs solar electric property in their home in Year 1 for $20,000. The Residential Clean Energy Credit ...Medium

Q16A taxpayer has $10,000 of short-term capital losses and $5,000 of long-term capital gains in Year 1. They also have $...Easy

Q17A taxpayer exercises Non-Qualified Stock Options (NQSOs). The grant price was $10, and the FMV at exercise is $50. Th...Medium

Q18A taxpayer has a passive activity credit of $5,000 from a rental real estate activity. They have no passive income in...Hard

Q19A 50-year-old taxpayer converts $100,000 from a Traditional IRA to a Roth IRA in Year 1. The Traditional IRA was fund...Hard

Q20A taxpayer holds a bond with a face value of $1,000 and a coupon rate of 5%. They purchased the bond for $1,050 (prem...Medium

Q21Grandparent contributes $100,000 to a 529 plan for their grandchild in Year 1. The annual gift tax exclusion is $18,0...Medium

Q22A taxpayer sells stock for a loss of $5,000 on December 20, Year 1. On January 10, Year 2 (21 days later), the taxpay...Easy

Q23An individual owns a life insurance policy on their own life with a face value of $500,000. They have paid $40,000 in...Medium

Q24A wealthy taxpayer wants to freeze the value of their estate. They transfer $5 million of assets to a Grantor Retaine...Hard

Q25A taxpayer gifts a house to their child. The taxpayer's basis is $200,000. The FMV at the date of gift is $150,000. N...Medium

Q26A married couple lives in a community property state. They purchased stock for $100,000 using community funds. When t...Medium

Q27A taxpayer has a traditional 401(k) balance of $2,000,000. They turn 73 in Year 1. The Uniform Lifetime Table factor ...Easy

Q28A taxpayer owns a diversified portfolio. They want to optimize 'asset location' for tax efficiency. Which asset is BE...Medium

Q29A taxpayer contributes $50,000 to a Charitable Remainder Annuity Trust (CRAT). The trust pays the taxpayer an annuity...Hard

Q30A taxpayer has an Incentive Stock Option (ISO) grant. They exercise the options and hold the stock. Two years later, ...Hard

Q31Partner A contributes land with a basis of $40,000 and FMV of $100,000 to a partnership for a 50% interest. The partn...Medium

Q32A partnership distributes cash of $20,000 and property with a basis of $10,000 (FMV $15,000) to a partner in a non-li...Medium

Q33A C Corporation has Accumulated E&P of $50,000 at the beginning of Year 1. In Year 1, it has Current E&P of $10,000. ...Easy

Q34An S Corporation distributes property with a FMV of $100,000 and a basis of $60,000 to its sole shareholder. What is ...Medium

Q35A partnership has a Section 754 election in effect. Partner B buys Partner A's interest for $100,000. Partner A's sha...Medium

Q36Partner X contributes property with a FMV of $100,000 and a basis of $60,000 to a partnership. Two years later, the p...Hard

Q37A C Corporation owns 85% of a subsidiary. The subsidiary pays a dividend of $100,000 to the parent. What is the Divid...Easy

Q38An S Corporation has Accumulated Earnings and Profits (AE&P) of $20,000 from C Corp years. It has an Accumulated Adju...Hard

Q39A partnership distributes a 'hot asset' (unrealized receivable) to a partner in a liquidating distribution. The partn...Hard

Q40A C Corporation is subject to the Accumulated Earnings Tax (AET). Its taxable income is $500,000. It paid $100,000 in...Medium

Q41A US C Corporation has Global Intangible Low-Taxed Income (GILTI) of $100,000. What is the effective deduction allowe...Medium

Q42Company A operates in State X and State Y. State X uses a single-sales factor apportionment formula. State Y uses an ...Easy

Q43A partnership has two partners, A (50%) and B (50%). Partner A sells their interest to C. The partnership terminates ...Medium

Q44An S Corporation incurs a Net Operating Loss (NOL) of $50,000 in Year 1. The sole shareholder has a stock basis of $3...Medium

Q45A C Corporation distributes land to a shareholder as a dividend. FMV $100,000; Basis $120,000. What is the tax conseq...Medium

Q46A partnership makes a guaranteed payment of $20,000 to a partner for services. The partnership has $50,000 of ordinar...Easy

Q47A US person has a financial interest in a foreign bank account with a balance of $15,000. Is FBAR (FinCEN Form 114) r...Easy

Q48An S Corporation was formerly a C Corporation. It has Net Unrealized Built-in Gains (NUBIG) of $100,000 at conversion...Medium

Q49A partnership has nonrecourse liabilities of $100,000. Partner A contributes property with a basis of $40,000 and FMV...Hard

Q50A C Corporation has a net capital loss of $10,000 in Year 4. It had capital gains of $5,000 in Year 1, $2,000 in Year...Medium

Q51A partnership has 'hot assets' (inventory). Partner A sells their interest. The partnership has substantially appreci...Medium

Q52A C Corporation distributes stock of a subsidiary to its shareholders in a spin-off. To qualify as tax-free under Sec...Medium

Q53An S Corporation has passive investment income (PII) exceeding 25% of gross receipts and has accumulated E&P from C C...Medium

Q54A C Corporation is a Personal Holding Company (PHC). It has undistributed PHC income of $50,000. What is the PHC tax ...Easy

Q55A partnership has a liability of $50,000. Partner A guarantees the debt. No other partner bears the economic risk of ...Medium

Q56A US Corporation pays $20,000 in foreign income taxes on $80,000 of foreign source income. The US corporate tax rate ...Medium

Q57Individual A incorporates a business. A contributes property (Basis $20,000, FMV $100,000) for 100% of the stock. A a...Medium

Q58A taxpayer contributes services worth $50,000 in exchange for a 20% capital interest in a partnership. The partnershi...Medium

Q59Corporation P acquires 100% of the stock of Target T for cash. P wants to treat the stock purchase as an asset purcha...Medium

Q60A taxpayer operates a Specified Service Trade or Business (SSTB) - a consulting firm. They are single with taxable in...Medium

Q61A business owner wants to sell their company to their child using an installment sale. They sell the business for $1,...Hard

Q62A C Corporation is liquidating. It distributes assets with a FMV of $500,000 and Basis of $200,000 to its sole shareh...Medium

Q63A business purchases equipment for $1,000,000 in Year 1. They want to maximize Year 1 deductions. Assuming they have ...Easy

Q64A taxpayer is considering a Type A Reorganization (Statutory Merger). Target shareholders will receive 60% stock of A...Hard

Q65A taxpayer sells a business asset (Section 1231 asset) for a gain of $50,000. In the previous 5 years, they had $20,0...Medium

Q66A sole proprietor buys a luxury SUV (Gross Vehicle Weight Rating > 6,000 lbs) for business use (100%). Cost is $80,00...Medium

Q67A taxpayer is negotiating the sale of their business. They can structure it as an Asset Sale or a Stock Sale. The buy...Medium

Q68A taxpayer owns a rental property with a basis of $100,000 and FMV of $500,000. They want to exchange it for another ...Medium

CPA TCP Practice Exam

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