WF000826: Don Farmer’s Passive Activity Losses: Navigating Real Estate & K-1 Limitations
Description
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.
MAJOR TOPICS
* 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
Objective
* Distinguish passive from nonpassive activities under §469 * Apply material participation tests and real estate professional rules * Analyze K-1 reporting and common PAL traps * Coordinate PAL rules with basis, at-risk, and excess business loss limitations * Identify planning opportunities to unlock suspended passive losses
Advanced Preparation
None
Required Knowledge
Participants should have a working knowledge of individual and partnership taxation, including familiarity with Schedule K-1 reporting, basis and at-risk limitations, and prior exposure to passive activity concepts under §469 as administered by the Internal Revenue Service.
Who Should Attend
CPAs and accounting professionals
Credit Types
- CPE – Taxes
Event Speaker(s)
Registration Fees
| Registration | Type | Price |
|---|---|---|
| WF000826: Registration – Member | Mem | $89 |
| WF000826: Registration – Non-Member | NM | $109 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.