REG vs. FAR / REG exclusion amounts

  • Creator
    Topic
  • February 25, 2019 at 11:29 am #2231271
    NG30
    Participant

    1. Do we have to memorize all the non-indexed exclusion amounts? For example: Homeowners exclusion for married filing joint = $500,000; deduction from capital loss against ordinary income = $3,000 max…

    2. How is REG compared with FAR? I took FAR and the questions are fairly straight forward, not a lot of multi-step calculations. Is REG kinda like that or not really?

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