On-Demand
Don Farmer's Passive Activity Losses: Real Estate & K-1 Limits 1st Ed.
CPE: 2
Overview
This course explores the complex passive activity loss (PAL) rules under §469 with a focus on real estate activities and partnership K-1 reporting. Participants will learn how material participation, real estate professional status, grouping elections, and disposition rules affect the deductibility of losses. Practical examples demonstrate how PAL rules interact with basis, at-risk, and §461(l) limitations.
Product Code
1000005375
Credit Type
CPE: 2CPE-Technical: 2Format
Online Self-Study
Intended Audience
CPAs and tax professionals involved in the world of tax.
NASBA Field of Study
Taxes
Level of Difficulty
Intermediate
Prerequisites
None
Advance Preparation
None
Learning Objectives
Major Subjects
- Passive activity loss (PAL) rules under IRC §469
- Passive versus nonpassive activity classification
- Material participation and real estate professional requirements
- Partnership K-1 reporting and common PAL pitfalls
- Coordination of PAL rules with basis, at-risk, and §461(l) limitations
- Disposition rules and strategies for utilizing suspended passive losses
Additional Details
This course is provided through our partnership with the Virginia Society of CPAs and Don Farmer Tax Education.