Course Description: This course describes in detail the application of the passive loss rules to losses and credits from investments in passive activities. Covered topics include identifying taxpayers subject to the passive loss rules, the application of the material participation standard in determining whether an activity is passive, the per se passive rental activity rule, rules relating to grouping activities, and the use of passive losses to offset nonpassive gains and income.
Course Level: Intermediate
Course Prerequisites: None
Delivery Method: Self-study
At the end of this course, you will be able to: