Basis, At-Risk, Passive Activity Loss, §163(j), Excess Losses (§461(l)) – (4 hours - morning) (Was: Passive Activity Loss, At-Risk, Basis & 3.8%..)

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Oct 18, 2019

Registration: 7:30 AM / Program: 8:00 AM - 11:45 AM

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

Loss Limitation School

Basis, At-Risk, Passive Activity Loss, §163(j), Excess Losses (§461(l)) and NOLs  

Do you desire to not be tripped up and held back by the passive activity loss, at-risk, basis, new excess business loss rule and newly revamped NOL limitation rules? This course will get you through the woods as unscathed as possible. And, how does the new §163(j) limit on business interest expense play in?

Designed For

Anyone desiring to gain an in-depth working knowledge of all the old and new loss limitation rules.

Objectives

To instruct as to the tripling of complexity in the loss limitation rules.

Major Subjects

What is, and is not, a trade or business? Why do we care? Why can we not afford not to care? 

  • All new excess loss limit rule – What exactly is “business income” anyway?
  • Newly revamped NOL rules –  Fundamental game changers
  • Which comes 1st, 2nd, 3rd, 4th and so on? Basis, §163(j), at-risk, passive, excess loss?
  • Passive activity income and loss foundations, interplay, inseparability and separability
  • Must one build her (his or its) own spreadsheet to survive it all?
  • At-risk, basis limitation and NOL limitation structure and interplay
  • How loss limit rules interact with §199A
  • At-risk rules reinvention in the courts – But IRS never really finished the rules anyway
  • Why I want to be a real estate professional when I grow up? But, am I a pretender?
  • How will software vendors respond to recent layers? a/k/a Overrides, overrides, overrides, and overrides
  • The age old intricate structure, all that's new and how and why you can't ignore either
  • How all of the above affects the 3.8% net investment income tax (NIIT)

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.