[jeff]

Welcome to the Q3 2017 CPA Exam Study Group for REG. 🙂

Introduce yourselves and let your fellow NINJAs know when you plan to take your REG exam.

The Five Steps (NINJA Framework): https://www.another71.com/pass-the-cpa-exam/

[Julia]

@wake Publication 551 says taxes paid do increase the basis. But…. Only the portion that is due to increase in FMV.
This seems too detailed to ask. I have not heard this come up before.

[Anonymous]

Hi friends, joining the party. Does anyone using Becker notice that the software doesn't have the updated amounts for 2017? I have the newest textbook so I'm sure those are right but it makes listening to the lectures and doing the problems kind of annoying -_-

[passantsalama]

What do mean?? :O All amounts in the software are outdated as well as the questions!! I already finished Taxation!!

[mardybum13]

@ Julia I've only got Becker and I'll probably have to do the same in order for it to stick. Was what I wrote in 1) correct though?
Oh thats so unlucky. I guess you have a better idea on what will be tested this time.

[mo3athn]

Hi All, i am really struggling with this subject, specially the difference between C Corporatins and Partnerships.

[hawk77]

does anyone have solid info about whats in BLAW and what's not? See post from earlier regarding AICPA breakdown. Would prefer not to waste time on things that aren't there! Thanks

FAR - April 5, 2016
AUD - May 28, 2016
REG - TBD
BEC - TBD

[CPAIN2K17]

@hawk77 the exam blueprint tells you what topics are covered :

https://www.aicpa.org/becomeacpa/cpaexam/examinationcontent/downloadabledocuments/cpa-exam-blueprints-effective-20170401.pdf

[hawk77]

CPAIN, I posted the same link! Back to my original post. there is NO negotiable instruments, sales or property (wiley chapters) on the AICPA link. Attempting to confirm this information, but yet to do so.

FAR - April 5, 2016
AUD - May 28, 2016
REG - TBD
BEC - TBD

[Anonymous]

I am at chapter 5 in Becker and I am so excited Olinto is doing Chapter 6 (I already did 7 and 8 first)! I am really looking forward to next week-how dorky is that? 🙂

[CPAIN2K17]

@hawk If those sections are not in the blueprint I would not think they can be tested!

[hawk77]

CPain, your original response to my inquiry:

CPAIN2K17


@hawk77 sales, negotiable instruments, secured transaction, and bankruptcy are definitely all still in the 2017 Wiley study plan. I use the course online which is updated and there are still lessons for all of these topics.

Thus the confusion. Secured and bankruptcy are there but the others? I guess you're studying topics not on the blueprint! 🙂

FAR - April 5, 2016
AUD - May 28, 2016
REG - TBD
BEC - TBD

[Holly]

There are two versions of REG available, 3.0 and 3.1. 3.1 became testable in July and will have the 2017 numbers.

BEC - 79
REG - 85
AUD - 5/27/16

[Julia]

@hawk the new ninja notes took out property law, sales law, commercial paper, dodd frank info. Almost 15 pages total.
Im not studying it. I really trust their info.
I test on July 3 so I don't really have time anyway.

[CPAIN2K17]

@ hawk I was just saying what is still in the Wiley course since you were saying you had old wiley books, I wasn't meaning they were on the exam blueprint, I hadn't even looked at the blueprint when I sent that. I just study everything that's in Wiley, sorry for the confusion!

[Julia]

@Mardy passive income, portfolio, 1231 gain do not go on k but on k-1. It runs thru taxpayer (so yes u r right).
Schedule e is rental , royalties, limited partnership , etc. Most passive stuff. The schedule E is lazy. I found that helpful.
Schedule b is interest and ordinary dividends.
Schedule d is cap gains and losses.
NIRD – net rent, interest, royalties and dividends

[Author]

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