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Real AICPA REG practice exam questions for easy pass!

Updated: Oct 11, 2026

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AICPA REG Exam Overview:

Certification Vendor:AICPA
Exam Name:CPA Regulation (REG) Exam
Exam Number:REG
Certificate Validity Period:CPA exam credit valid for 18 months (rolling window); CPA license does not expire once issued
Real Exam Qty:74 total (66 MCQs + 8 TBSs)
Available Languages:English
Exam Format:Multiple Choice Questions (MCQ), Task-Based Simulations (TBS)
Exam Duration:240 minutes
Passing Score:75 (on a 0–99 scale)
Exam Price:USD 250–350 (varies by jurisdiction and fees)
Related Certifications:CPA Information Systems and Controls (ISC)
CPA Auditing and Attestation (AUD)
CPA Business Analysis and Reporting (BAR)
CPA Business Environment and Concepts (BEC legacy)
CPA Financial Accounting and Reporting (FAR)
CPA Tax Compliance and Planning (TCP)
Recommended Training:NASBA Candidate Resources
AICPA CPA Exam Blueprints & Prep Resources
Exam Registration:NASBA CPA Exam Services
CPA Central Registration Portal
Sample Questions:AICPA REG Sample Questions
Exam Way:Computer-based testing at authorized Prometric testing centers
Pre Condition:No formal prerequisites for taking the CPA exam, but most jurisdictions require education (typically 120–150 semester hours) and specific accounting coursework for licensure.

AICPA REG Exam Syllabus Topics:

SectionWeightObjectives
Federal Taxation of Property Transactions12–22%- Property transactions
  • 1. Gains and losses recognition
    • 2. Basis computation
      Federal Taxation of Individuals15–25%- Individual income taxation
      • 1. Deductions and credits
        • 2. Gross income and exclusions
          Ethics, Professional Responsibilities, and Federal Tax Procedures15–25%- Federal tax procedures
          • 1. IRS authority and procedures
            • 2. Tax return filing, penalties, and statute of limitations
              - Ethics and professional conduct
              • 1. Ethical decision-making frameworks
                • 2. Professional responsibilities and standards
                  Business Law10–20%- Business structure law
                  • 1. UCC principles
                    • 2. Secured transactions basics
                      - Contracts and agency
                      • 1. Agency relationships and liability
                        • 2. Contract formation and enforceability
                          Federal Taxation of Entities18–28%- Business entity taxation
                          • 1. S corporations taxation
                            • 2. C corporations taxation
                              • 3. Partnership taxation

                                AICPA CPA Regulation Sample Questions:

                                Question #1

                                Parker, whose spouse died during the preceding year, has not remarried. Parker maintains a home for a
                                dependent child. What is Parker's most advantageous filing status?

                                • A. Head of household.
                                • B. Qualifying widow(er) with dependent child.
                                • C. Married filing separately.
                                • D. Single.
                                Reveal Solution  Discussion  0

                                Correct Answer: B  🗳️

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                                Question #2

                                Adams owns a second residence that is used for both personal and rental purposes. During 2001, Adams
                                used the second residence for 50 days and rented the residence for 200 days. Which of the following
                                statements is correct?

                                • A. A rental loss may be deducted if rental-related expenses exceed rental income.
                                • B. Utilities and maintenance on the property must be divided between personal and rental use.
                                • C. Depreciation may not be deducted on the property under any circumstances.
                                • D. All mortgage interest and taxes on the property will be deducted to determine the property's net income
                                  or loss.
                                Reveal Solution  Discussion  0

                                Correct Answer: B  🗳️

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                                Question #3

                                Conner purchased 300 shares of Zinco stock for $30,000 in 1980. On May 23, 1994, Conner sold all the
                                stock to his daughter Alice for $20,000, its then fair market value. Conner realized no other gain or loss
                                during 1994. On July 26, 1994, Alice sold the 300 shares of Zinco for $25,000.
                                What amount of the loss from the sale of Zinco stock can Conner deduct in 1994?

                                • A. $0
                                • B. $5,000
                                • C. $10,000
                                • D. $3,000
                                Reveal Solution  Discussion  0

                                Correct Answer: A  🗳️

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                                Question #4

                                Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable
                                income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own
                                and was Tom's dependent.
                                Determine the amount of income or loss, if any that should be included on page one of the Moores' 1994
                                Form 1040.
                                In 1992, Joan received an acre of land as an inter-vivos gift from her grandfather. At the time of the gift,
                                the land had a fair market value of $50,000. The grandfather's adjusted basis was $60,000. Joan sold the
                                land in 1994 to an unrelated third party for $56,000.

                                • A. $55,000
                                • B. $1,500
                                • C. $900
                                • D. $50,000
                                • E. $0
                                • F. $25,000
                                • G. $1,000
                                • H. $2,000
                                • I. $1,300
                                • J. $500
                                • K. $75,000
                                • L. $1,250
                                • M. $10,000
                                • N. $2,500
                                • O. $3,000
                                Reveal Solution  Discussion  0

                                Correct Answer: E  🗳️

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                                Question #5

                                Clark bought Series EE U.S. Savings Bonds after 1989. Redemption proceeds will be used for payment of
                                college tuition for Clark's dependent child. One of the conditions that must be met for tax exemption of
                                accumulated interest on these bonds is that the:

                                • A. Purchaser of the bonds must be the sole owner of the bonds (or joint owner with his or her spouse).
                                • B. Bonds must be bought by a parent (or both parents) and put in the name of the dependent child.
                                • C. Bonds must be transferred to the college for redemption by the college rather than by the owner of the
                                  bonds.
                                • D. Bonds must be bought by the owner of the bonds before the owner reaches the age of 24.
                                Reveal Solution  Discussion  0

                                Correct Answer: A  🗳️

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