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Passive Losses  

CATEGORY: Taxation
Online & Mobile, Download
6 CPE Credits

Up-to-date coverage of an ever-changing area within the tax code, this course provides a tool for understanding IRC Section 469, which limits and controls any deductions for passive losses by the taxpayer. This course introduces which taxpayers are subject to the passive loss rule, clarifies separate activities from material participation and describes rental activities as they relate to passive losses. Further, this course describes the calculation for the phase-in and phase-out of passive losses and credits as well as other dispositions. Finally, this course details the recharacterization of net passive income.

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