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Passive Losses

The purpose of this course is to inform the reader of the passive loss rules. Topics discussed include: the Tax Reform Act of 1986, rental real estate, the deduction for active participation, recharacterizations, real estate professionals, material participation, dispositions of passive activities, and much more.

With this two-hour course, you will:

  • Get a 50-page PDF manual
  • Determine the character of income from discharged debt allocable to a passive activity
  • Identify when an activity is a former passive activity
  • Determine an appropriate economic unit for grouping purposes
  • Identify income items included in AGI for purposes of the active participation allowance
  • Recall the requirements to achieve real estate professional status
  • Identify work that counts for purposes of material participation
  • Identify the events required to trigger the use of suspended passive losses

 

Designation CPE Hours
CPA 2 Tax
EA 2 Fed Tax
CRTP (CTEC) 2 Fed Tax
Attorney 1.5 General MCLE

Course level: Basic
No advanced preparation is required.

Want to order by phone? Call us at: (714) 776-7850

 


This self-study is designed to meet the requirements for the specified number of hours of continuing education. This self-study has been designed to meet the requirements of the IRS Return Preparer Office; including sections 10.6 and 10.9 of Department of Treasury's Circular No. 230 (Provider No. CRA7E); the California State Board of Accountancy; the California Bar Association; and the California Tax Education Council. This does not constitute an endorsement by these groups. The state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. For more information regarding administrative policies such as complaints or refunds, contact Spidell Publishing at 714-776-7850. Spidell Publishing, Inc. has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual "continuing education" requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, or by phone at 877-850-2832, or on the internet at www.CTEC.org.

Spidell Publishing, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This self-study is designed to meet the requirements for 2 hours of continuing education for the California Board of Accountancy. Basic Level. Field of Study: Taxes. Delivery method: Self-Study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (714) 776-7850. There are no prerequisites or advanced preparation required.

Spidell Hours
CPA-Tax 2
EA-Fed Tax 2
CRTP-Fed Tax 2
Attorney-MCLE 1.5

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Availability: In Stock
Price: $40.00

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