[jeff]

REG Study Group Links and Resources:

1. NINJA Monthly – $67 REG Course
2. Free REG Notes
3. REG Course Comparison
4. How to Pass REG (with NINJA)
5. How to Pass REG (in 20 Days)
6. How to Pass REG (after Failing)

See Also:

• FAR Study Group
• AUD Study Group
• REG Study Group
• BEC Study Group

[74phoenix]

I did 120 MC yesterday and over 200 notecards and review of my notes. Proud of myself. My goal for today is 75 MC and 300 Notecards.

Graduated 05/2016.
NY CPA Candidate.
Public accounting.
FAR COMING UP 07/07/2016 !! GOD HELP ME.

[74phoenix]

What are you goals for the week? Please share 🙂

Graduated 05/2016.
NY CPA Candidate.
Public accounting.
FAR COMING UP 07/07/2016 !! GOD HELP ME.

[Motivated2019]

@74phoenix, I am hoping to get through 100 MC questions and 3 Sims each day during this week. Let's see how that would turn out, and I'll be taking REG in two weeks.

Good luck!

[Tncincy]

I didn't get to do mcq's yesterday, but I did do notes and non-stop audio. I think I got property transactions memorized. (lol) my goal today is 150+ mcq's, with notes. It's time to push myself a little more the clock is ticking or should I stop looking at the clock. Hey did you guys read the motivational Monday? I'm all in today.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[Tncincy]

Did anybody print out the aicpa release questions for 2019 or 2018? I did, don't know if they are already incorporated into the mcq's but I am going to look them over anyway.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[asdf]

hope you all studying hard!!
I'm confused on this problem below.
1250 recapture rate is 20%? i thought 25%
Please help 🙂
——————————————————————————————-
Thayer Corporation purchased an apartment building on January 1, 2015, for $200,000. The building was depreciated using the straight-line method. On December 31, 2018, the building was sold for $220,000, when the asset balance net of accumulated depreciation was $170,000. On its 2018 tax return, Thayer should report
a Section 1231 gain of $42,500 and ordinary income of $7,500.
b Section 1231 gain of $44,000 and ordinary income of $6,000.
c Ordinary income of $50,000.
d Section 1231 gain of $50,000.
——————————————————————————————–
i chose a with recapture 25%
and correct answer was recapture 20%

[Tncincy]

According to Ninja notes the recapture is 20%.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[Tncincy]

The ninja notes also says if straight line depreciation is used, don't use 1250. the entire gain is 1231. Does that make sense?

It begins with a 75
Been here too long as a cheerleader....ready to pass

[asdf]

@Tncincy

Thank you for confirming the rate! 🙂
though the answer in Wiley explanation was b, not entire gain is 1231.
which is 1250 recapture up to 20% of prior accumulated depreciation of real property goes to ordinary income
and the rest goes to 1231 gain

[Tncincy]

Started my afternoon mcq's. my trend score is getting better and believable. I have not done enough questions to memorize, but I feel a little better. I hope you all are studying hard.

@Asdf keep those questions coming. They are good challenge.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[ihopeipassed]

Hi everyone,

I've passed FAR and BEC so far, and I just retook AUD on 4/15. As I'm waiting for my score, I'm studying for REG, which I am sitting for on 6/7. I'm using Becker and I have been reading the book, taking notes, and doing MCQs and SIMs. I decided against doing lectures (please let me know if I'll regret this lol).

[Christina]

Hi everyone! I am studying for REG now and am scheduled to take the exam on June 7. I wanted to see if anyone could take a look at a question I came across (using Becker as my main review course). In Regulation 2/Module 4 Skills Practice, there was a question regarding calculating a couple's regular tax liability on a combined income of $200,300 (Married Filing Jointly). The instructor listed the tax in the 10% bracket as $1,925.20. However, wouldn't the tax be calculated as ($19,050 x 10% = $1,905) since the range is $0-$19,050? I wasn't sure where the instructor's answer came from and wanted to see if anyone could verify! Thank you!

[Tncincy]

Hey Ninja's, I'm starting my afternoon session. I'm starting with notes and then I'm doing mcq's. My goal is 150. I really want to get my trending score up, but I know I need to keep working. Study hard guys.
@Christina: something is missing from your question.


@Ihopeipassed: Many have ditched the lectures because they were time consuming. So don't feel guilty about not using the lecture. It is about how you learn and retain the materials. So if you don't want to
do lectures, don't. NO REGRETS.

It begins with a 75
Been here too long as a cheerleader....ready to pass

[Tncincy]

So what do you do when you reach the recon phase? my eval phase is over, what kind of questions will I get?

It begins with a 75
Been here too long as a cheerleader....ready to pass

[74phoenix]

@tncincy keep reviewing!

My goal today is 100 MCQ and to create a study plan for my last few weeks of review.

Graduated 05/2016.
NY CPA Candidate.
Public accounting.
FAR COMING UP 07/07/2016 !! GOD HELP ME.

[Author]

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