Comp SM_Ch11 - CHAPTER 11 PASSIVE ACTIVITY LOSSES SOLUTIONS...

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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
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This note was uploaded on 03/14/2010 for the course ACC 11101 taught by Professor Sun during the Spring '10 term at Abraham Baldwin Agricultural College.

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Comp SM_Ch11 - CHAPTER 11 PASSIVE ACTIVITY LOSSES SOLUTIONS...

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