CPE & Events Catalog
Don Farmer's Passive Activity Losses: Navigating Real Estate & K-1 Limitations VIRTUAL
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.
Learning Objectives
1. Distinguish passive from nonpassive activities under §469
2. Apply material participation tests and real estate professional rules
3. Analyze K-1 reporting and common PAL traps
4. Coordinate PAL rules with basis, at-risk, and excess business loss limitations
5. Identify planning opportunities to unlock suspended passive losses
Highlights
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.
Field of Study: Taxation
Who Should Attend
CPAs and tax professionals involved in the world of tax.
Required Knowledge
None
