Source: https://www.westerncpe.com/course/passive-loss-and-atrisk-rules-self-study/
Timestamp: 2019-08-18 23:30:09
Document Index: 515985714

Matched Legal Cases: ['§469', '§469', '§469', '§469', '§1211', '§469']

Passive Loss and At-Risk Rules | Western CPE
With the adoption of the passive loss limitation rules, taxpayers are looking to CPAs for guidance related to what deductions are allowed, disallowed, or suspended. This course will help you understand the practical aspects of §469 and addresses the skills you need to handle these pragmatic issues. Fundamentals are reviewed, planning opportunities are identified, and creative strategies are discussed and evaluated along with remaining traditional approaches. The goal of this course is to understand and solve client problems under §469, with emphasis on tax savings ideas. You'll learn to master the proper administration of these complex and often cumbersome provisions.
Revision Date Jan 30, 2017
Course ID SS8122079
IRS Course ID: 0MYXB-T-00029-13-S
CTEC Course ID: 2071-CE-0317
Identify affected taxpayers under §469, §469 and §1211 limits, as well as disallowed losses
Calculate net gain on the sale of a passive activity
Note the requirements for determining a taxpayer's material participation in an activity through material participation tests, activity grouping rules, rental activity, and nested activities
Identify special passive loss rules, calculations, and tests
Note passive activity audit guidelines, audit issues, the requirements for a real estate rental activity credit exception, and at-risk limit rules as they relate to §469