DESCRIPTION

This webinar offers a valuable opportunity to refresh your understanding of the rules surrounding passive loss limitations. What qualifies as a passive activity, and what doesn’t? How can you release a passive loss suspension? We will explore these questions and clarify this complex section of the tax code. Additionally, we will discuss the qualifications and impact of the real estate professional election, as well as practice calculating loss limitations.

LEARNING OBJECTIVES

  • Review the rules for passive activities
  • Discuss the effect of electing to be a real estate professional
  • Practice calculating passive loss limitations

Prerequisites

None

Advanced Preparation

None

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