Partnership Taxation: Passive Loss Rules Webinar (1 Hour)

This 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
 

LEARNING OBJECTIVE  To give tax professionals a thorough understanding of the passive loss rules and how to properly apply them.

PREREQUISITE  Basic knowledge of federal taxation.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Intermediate.
NASBA FIELD OF STUDY  Taxes.    DELIVERY METHOD  Group Internet-Based.