CHAPTER 11
PASSIVE ACTIVITY LOSSES
SOLUTIONS TO PROBLEM MATERIALS
Status:
Q/P
Question/
Present
in Prior
Problem
Topic
Edition
Edition
1
General purpose and effect of the at-risk and passive
activity loss rules
Unchanged
1
2
At-risk amount
Unchanged
2
3
Changes in at-risk amount
Unchanged
3
4
At-risk and passive loss limits
Modified
4
5
Descriptions of active, portfolio, and passive income
Unchanged
5
6
Preference as to active or passive classification
Unchanged
6
7
Preference as to active or passive classification
Unchanged
7
8
Suspended passive losses
New
9
Treatment of suspended losses and credits on
disposition of an activity
Unchanged
9
10
Taxpayers subject to passive loss rules
Unchanged
10
11
Passive loss of a personal service corporation
New
12
Appropriate economic unit
Unchanged
12
13
Nature of passive activity
Unchanged
13
14
Rental activity grouping
New
15
Material participation significance
Unchanged
15
16
The 500-hour standard for material participation
Unchanged
16
17
Passive or active loss determination
Unchanged
17
18
Planning for material participation status
Unchanged
46
19
Issue ID
Unchanged
18
20
Work that qualifies for material participation standard
Unchanged
19
21
Issue ID
Unchanged
20
22
Significant personal services
New
23
Extraordinary personal services: nature and importance
Unchanged
22
24
Passive activity definition
Unchanged
23
11-1
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11-2
2005 Comprehensive Volume/Solutions Manual
Status:
Q/P
Question/
Present
in Prior
Problem
Topic
Edition
Edition
1
General purpose and effect of the at-risk and passive
activity loss rules
Unchanged
1
2
At-risk amount
Unchanged
2
3
Changes in at-risk amount
Unchanged
3
4
At-risk and passive loss limits
Modified
4
25
Rental business: active versus passive
Unchanged
24
26
Real estate professional classification
Unchanged
25
27
Issue ID
New
28
Issue ID
Unchanged
27
29
Real estate activity exceptions
Unchanged
29
30
Deduction equivalent:
definition and computation
Unchanged
30
31
Differences between material and active participation
New
32
Issue ID
Unchanged
31
33
At-risk rules
Unchanged
32
34
At-risk rules
Unchanged
33
35
At-risk rules
Modified
34
*
36
Passive loss offsets passive income
Unchanged
35
37
Passive activity loss rules:
general application
Unchanged
36
38
Passive activity loss rules:
general application
Unchanged
37
*
39
Passive activity loss rules:
general application
Modified
38
40
Treatment of suspended losses
Unchanged
39
*
41
Sale of passive activity and suspended losses
Modified
40
42
Sale of passive activity
New
*
43
Sale of passive activity and suspended losses
Unchanged
41
44
Passive losses of personal service corporation
Unchanged
43
45
Passive losses of corporations
Unchanged
44
46
Passive, active, portfolio income of closely held
corporation
Unchanged
45
*
47
Character of property:
held as investment property or
rental property
New
48
Interaction of at-risk and passive loss rules
New
49
Suspended losses under at-risk and passive loss rules
New
50
Interaction of at-risk and passive loss rules
New
*
51
Passive loss deduction amounts
Unchanged
51
52
Rental loss:

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