REG Study Group - Page 6

Viewing 15 replies - 76 through 90 (of 694 total)
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  • #2180329
    se7en.14
    Participant

    In Becker Reg, section 1.4. Can someone explain the phase in and phase out for QBI AND SSBT?
    Thanks!

    #2180401
    Hopefulfor75
    Participant

    @Determined24, I know, the access till you pass has definitely kept me staying and not using something else…and at this point if I fail I know it's me and not the materials… I wanted to supplement with NINJA this go around, but I am a crammer…. I only study 3 weeks out and only on weekends…which also explains my long stretch of not being able to pass! Put in more work for REG due to changes and the motivating factor of it's my last one!

    #2180404
    Typical
    Participant

    @Hopefulfor75 Yeah I have been using Becker and I have to say that it has been working for me. I know its an expensive course, but I think if you stick with any of these courses Wiley,Becker,Ninja, I think that you can pass. It is just a matter of putting your time in and figuring out which studying materials provider matches with your study habits the best.

    #2180431
    Hopefulfor75
    Participant

    @Typical, I definitely agree! They are definitely not hard to pass if you have put in the time.. like I said with the exception of AUD, I knew maybe only 80% of the material. It's not ideal for anyone going into the test, but a passing score is definitely still attainable.

    #2180440
    Typical
    Participant

    @hopefulfor75 Yeah I would argue that its close to impossible to know more then 70% of the material that is going to be on any of these exams. It is just a matter of mastering what you do know really well and then applying it to your exam. I think if you try to master 100% of the material you often will not be successful on the exam.

    #2180443
    Typical
    Participant

    @Se7en.14 So I myself am actually spending most of today while im at work looking at OBI and trying to master it. I don't know for sure but I would imagine this could be a decently heavily tested topic on the exam. I can def see it being a simulation question for sure. In regards to the phase out, I would assume you are talking about the income limitations and the w-2/property limitations.

    The taxable income limitation basically gives us a dollar value phase out to see if one would be able to take the deduction, single (157,501-207500) married (315,001-415,000). the other limitation is the w2 and property limitation.

    Limited to the greater of
    1) 50% of w2 for the business OR
    2) 25% of the w2 + 2.5 % of qualified property at its ORIGINAL COST. (Qualified property is anything that is tangible and subject to depreciation by the business during the year)

    I'm still figuring it out myself…hope this helps.

    #2181916
    Determined24
    Participant

    I came here to discuss this QBI myself and see you guys are already on the topic @typical I don't feel it could be heavily tested I have read several articles on the topic and 3 different review courses I am seeing that potential users of the information themselves do not fully understand it. For example, I am seeing where there is a difference in the review courses in agreeing on what is classified as SSTB versus qualified trade or business. The most common is partnership interest…how would you classify this as SSTB or a qualified trade or business?
    I agree with mastering what we know really well

    #2182324
    se7en.14
    Participant

    @Typical – so is Phase out amount the range? 157,501-207,500=$50,000 for single filing? ($100k for married filing?) I keep seeing the $50k in the examples and so I am assuming this.

    Also, for between the threshold, after calculating the limitation %, is it always: (QBI minus limitation) x limiation %?

    Thanks.

    #2183167
    kakooakki
    Participant

    Guys if I am stuck in time, and I haven’t started business law yet, which one you think I should focus my attention r7 or r8 (Becker)
    Many of my friends just telling me to drop it and that’s based on there personal experience.
    Any thoughts?

    #2188681
    Zen32
    Participant

    I am hoping to take Reg in April. I just started my study plan this week. Not sure if this is too much time, but 10 years post college I hope not!

    #2188684
    Zen32
    Participant

    I am hoping to take Reg in immediately after Q1. I just started my study plan this week. Not sure if this is too much time, but 10 years post college I hope not!

    #2188813
    Tncincy
    Participant

    Welcome to the group Zen32. 10 years can't be too long considering how long I've been at this. Many have asked why keep trying? This is my dream and I will realize it. I have figured out though, that you have to study, there is no easy way to do this. I have tried over and over to find the easy way only to walk a way starting over after a fail. It's like you already know there is no easy way, but you try anyway. 🙁 . But hey, jump right in.

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

    #2188855
    Hopefulfor75
    Participant

    Anyone else take REG yet and feel like they bombed it?! I just took it and without giving anything away, was heavy on one topic. My only hope is that most of the things I got wrong were pre-test.
    with my score for AUD expiring I’m praying for a miracle at the end of February.

    #2188858
    Typical
    Participant

    @hopefulfor75 I am taking my test on Friday. Going through the final review with Becker. Hoping that I know enough to get me that 75. I usually try to go into my tests as confident as possible, hoping for the best!

    Good luck to anyone else taking there exam this week.

    #2188861
    Determined24
    Participant

    Good luck to you guys too. @Hopefulfor75 was this your first take at REG?

Viewing 15 replies - 76 through 90 (of 694 total)
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