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Passive Losses  

CATEGORY: Taxation
COURSE ID: CLPTAX, VERSION 15.00
(26)
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. This intermediate level course is most appropriate for the professional with detailed knowledge in the taxation of passive losses or the professional seeking to expand his or her knowledge base and who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.

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