[jeff]

REG Resources:

Free REG Notes & Audio – https://www.another71.com/cpa-exam-study-plan

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REG Score Release: https://www.another71.com/cpa-exam-scores-results-release

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[UCMCPA]

@insiyah. The answer to my question is D.

@mehwish… the 2013 numbers are 500,000 and phase out begins @ 2m.. I'm not sure if they applied that to 2012 as well. Maybe jeff can enlighten us, I've seen him comment on it in another thread.

FAR - 84
AUD - 94
REG - 86
BEC - 86

[Kenada]

Mehwish – Ninja notes are correct as they are updated for exams taken after July 2013 .

Sc 179 – 500,000 Phase out at 2M

FAR 05/27/14; 786/110 - Done !

[Kenada]

Mehwish – Ninja notes are correct as they are updated for exams taken after July 2013 .

Sc 179 – 500,000 Phase out at 2M

FAR 05/27/14; 786/110 - Done !

[UCMCPA]

@skrier, it's 55,000… Why is it not limited to the 25,000 “mom and pop” rule?

FAR - 84
AUD - 94
REG - 86
BEC - 86

[UCMCPA]

@skrier, it's 55,000… Why is it not limited to the 25,000 “mom and pop” rule?

FAR - 84
AUD - 94
REG - 86
BEC - 86

[Kenada]

So you do take Capital Gains into consideration ??? Hmmmpfh… so is it only capital Gains that you can add to your basis ? I assume that non of the other ones apply.

FAR 05/27/14; 786/110 - Done !

[Kenada]

So you do take Capital Gains into consideration ??? Hmmmpfh… so is it only capital Gains that you can add to your basis ? I assume that non of the other ones apply.

FAR 05/27/14; 786/110 - Done !

[Skrier]

@UCMCPA….the Mom and Pop rule only applies to passive activity rental activities. For a partnership one who materially participates does not constitute a passive activity. Does this make sense?

AUD- 84
FAR- 75
REG- 78...I am DONE!!!
BEC- 79

[Skrier]

@UCMCPA….the Mom and Pop rule only applies to passive activity rental activities. For a partnership one who materially participates does not constitute a passive activity. Does this make sense?

AUD- 84
FAR- 75
REG- 78...I am DONE!!!
BEC- 79

[Skrier]

I should have added….real estate activities other than a real estate professional are always considered passive activities. The Mom and pop rule is for anyone who actively manages say a rental property for example.

AUD- 84
FAR- 75
REG- 78...I am DONE!!!
BEC- 79

[Skrier]

I should have added….real estate activities other than a real estate professional are always considered passive activities. The Mom and pop rule is for anyone who actively manages say a rental property for example.

AUD- 84
FAR- 75
REG- 78...I am DONE!!!
BEC- 79

[UCMCPA]

That's where I figured my mistake was, makes perfect sense.

FAR - 84
AUD - 94
REG - 86
BEC - 86

[UCMCPA]

That's where I figured my mistake was, makes perfect sense.

FAR - 84
AUD - 94
REG - 86
BEC - 86

[Kenada]

Can someone demonstrate for me the Mom and Pop rule please ?

FAR 05/27/14; 786/110 - Done !

[Kenada]

Can someone demonstrate for me the Mom and Pop rule please ?

FAR 05/27/14; 786/110 - Done !

[Author]

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