V3_TB_11 - CHAPTER 11 PASSIVE ACTIVITY LOSSES Instructor The test items in both the print Test Bank and ExamView test-creation software are numbered by

V3_TB_11 - CHAPTER 11 PASSIVE ACTIVITY LOSSES Instructor...

This preview shows page 1 - 3 out of 29 pages.

CHAPTER 11PASSIVE ACTIVITY LOSSESInstructor: The test items in both the print Test Bank and ExamView test-creation software are numbered by question type within each chapter. Thus, users of ExamView can more easily preview their selections using the printed Test Bank in the same numbering system.Status:Q/PQuestion/Presentin PriorProblemTopicEditionEditionTRUE OR FALSE1At-risk limitationNew2At-risk increases and decreasesUnchanged23Disallowed losses due to at-risk ruleUnchanged34At-risk and debtUnchanged45At-risk and recapture of lossesUnchanged56Passive loss rule: general impactUnchanged67Sale of passive activity with suspended lossUnchanged78Passive loss rules: personal service corporationNew9Passive loss rules: personal service corporationUnchanged910Passive loss rules: closely held C corporationUnchanged1011Passive loss rules: closely held C corporationUnchanged1112Passive or active: two activitiesNew13Passive or active: two activitiesUnchanged1314Material participation: 500-hour testUnchanged1415Material participation hoursNew16Material participation: significant participation testUnchanged1617Significant participation activity Unchanged1718Hours of participation: significant participationUnchanged1819Hours of participation: significant participationUnchanged1920Participation definedUnchanged2021Hours of participation: spousal participationUnchanged2122Hours of participation: spousal participationUnchanged2223Limited partner statusNew11-1
Background image
11-22008 Comprehensive Volume/Test BankStatus:Q/PQuestion/Presentin PriorProblemTopicEditionEdition24Material participation: rental real estateNew25Real estate rental exceptionUnchanged2526Services of employee in real estate businessUnchanged2627Real estate rental exceptionNew28Real estate rental exceptionUnchanged2829Real estate rental exception: limitationUnchanged2930Real estate rental exception: limitation Unchanged3031Real estate rental exception: limitationModified3132Death and suspended lossesUnchanged3233Gift of passive activity with suspended lossUnchanged3334Installment sale of passive activity with suspended lossUnchanged3435Nontaxable exchange of passive activity with suspendedUnchanged35lossMULTIPLE CHOICE1At-risk limitsNew2Determining at-risk amountUnchanged23At-risk limitsUnchanged34Passive loss rules: generalNew5Passive activity suspended lossesNew6AGI and passive lossUnchanged67Sale of passive activity with suspended lossUnchanged78Determine suspended losses: three activitiesUnchanged89Passive loss rules: closely held C corporationNew10Passive loss rules: personal service corporationUnchanged1011Single or separate activitiesUnchanged1112Owner of multiple businessesUnchanged1213Determination of appropriate economic unitUnchanged1314Determination of appropriate economic unitUnchanged1415Grouping of rental and nonrental activitiesUnchanged1516Material participationUnchanged1617
Background image
Image of page 3

You've reached the end of your free preview.

Want to read all 29 pages?

  • Spring '09
  • Donnelly
  • passive income

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes