REG Help

This topic has 5 replies, 2 voices, and was last updated 8 years ago by Namstut.

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January 2, 2017 at 1:02 am #1404852

onthewaytoacpa5
Participant

Hi guys,

I have a quick question based on a SIM that I received on the REG exam.

If I am asked to fill out information for an estate tax return, but say only 20% of the activities relate to the estate and the other 80% is personal, how would I report all the activities on the estate tax return? Does it depend on the activities that they list? Don’t really remember learning this or where I can find more information. I’m using Becker. Thanks in advance!

Also, any tips on at-risk amounts? I got a SIM on that as well and I’m not too sure how to calculate more advance at-risk amounts/related calculations. Thanks!

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January 2, 2017 at 8:38 pm #1405472

Namstut
Participant

@onthewaytoacpa – https://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/FAQ/DownloadableDocuments/ConfidentialityStatement.pdf

AUD 7/6/16 Passed
BEC 9/3/16
FAR TBD
REG TBD

January 2, 2017 at 10:26 pm #1405512

onthewaytoacpa5
Participant

please delete this post or someone tell me how to delete this post.

January 3, 2017 at 2:03 am #1405713

Namstut
Participant

@JEFF – ANOTHER71.COM

AUD 7/6/16 Passed
BEC 9/3/16
FAR TBD
REG TBD

January 8, 2017 at 2:32 am #1426631

onthewaytoacpa5
Participant

@JEFF – ANOTHER71.COM

January 9, 2017 at 12:09 am #1427345

Namstut
Participant

.

AUD 7/6/16 Passed
BEC 9/3/16
FAR TBD
REG TBD
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