Partnership Taxation: Passive Loss Rules Self-Study Webinar
Overview
This self-study webinar will review all the aspects of passive loss rules, including the general rules, definitions of activity, material participation and real property trades or business.
AGENDA HIGHLIGHTS
• Deducting passive activity losses
• Carrying forward passive activity losses
• When and how passive loss rules can be applied
• Determining activities
• Grouping activities
– Appropriate groupings
– Inappropriate groupings
– Grouping of rental with non-rental
• Activities held by flow-through entities
• Material participation: 7 Tests
• Rental activities
• Suspended losses
• Basis and at-risk: examples
– Basis calculation and answer
– At-risk calculation and answer
Speakers
SPEAKER
W. Stewart Connard, CPA
Detailed Learning Objective
DETAILED LEARNING OBJECTIVES
• Identify what activities are considered to be passive activities in the context of partnership taxation
• Identify the rules for the deductibility of passive activity losses
• Identify those circumstances that allow a taxpayer to deduct suspended passive losses
• Identify the factors used to determine whether or not an activity or a group of activities constitutes an appropriate economic unit
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