[jeff]

REG Resources:

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

REG 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

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

[Anonymous]

Thanks CPA Soon!!!

[Anonymous]

Thanks CPA Soon!!!

[CPA soon]

Anytime!!!

FAR - 71, 68, 74, (8/31/14) 78 ✔
REG - 67, 71, 71, (10/18/14) 78 ✔
BEC - (11/29/14) 86 ✔
AUD - 73, (4/4/15) 86 ✔

I can't believe this is over! 2 years and 3 months..

[CPA soon]

Anytime!!!

FAR - 71, 68, 74, (8/31/14) 78 ✔
REG - 67, 71, 71, (10/18/14) 78 ✔
BEC - (11/29/14) 86 ✔
AUD - 73, (4/4/15) 86 ✔

I can't believe this is over! 2 years and 3 months..

[teeteenounouche]

@CPA soon Thanks a bunch!!

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[teeteenounouche]

@CPA soon Thanks a bunch!!

Florida:
AUD: 73, 81! Thank you Lord!
BEC: 73, 77! Thank you Lord! and WTB
REG: 71, 82! Thank you Lord! and A71
FAR: 72, 78! Thank you God and my Mommy in Heaven!

CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

[Anonymous]

CPASoon – for the individual AMT adjustments, is the 10% medical expenses adjustment now not relevant since the limit on schedule A is now 10%? Whereas before when it was 7.5% you would add back the difference between that and the 10%?

[Anonymous]

CPASoon – for the individual AMT adjustments, is the 10% medical expenses adjustment now not relevant since the limit on schedule A is now 10%? Whereas before when it was 7.5% you would add back the difference between that and the 10%?

[Kenada]

That is correct Attacks

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

[Kenada]

That is correct Attacks

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

[mags603]

So I know if your spouse dies during the year, you still file as married, but what if a dependent dies during the year, can you still count them?

Troy and Edie are married and under 65 years of age. During the current year, they furnish more than half of the support of their 20-year old daughter, Jobeth, who lives with them. Jobeth earns $15,000 from a part-time job, most of which she sets aside for future college expenses. Troy and Edie also provide more than half of the support of Troy's cousin who does not live with them. Edie's father, who died on January 3, of the current year, at age 80, has for many years qualified as their dependent. How many personal and dependency exemptions should Troy and Edie claim?

[mags603]

So I know if your spouse dies during the year, you still file as married, but what if a dependent dies during the year, can you still count them?

Troy and Edie are married and under 65 years of age. During the current year, they furnish more than half of the support of their 20-year old daughter, Jobeth, who lives with them. Jobeth earns $15,000 from a part-time job, most of which she sets aside for future college expenses. Troy and Edie also provide more than half of the support of Troy's cousin who does not live with them. Edie's father, who died on January 3, of the current year, at age 80, has for many years qualified as their dependent. How many personal and dependency exemptions should Troy and Edie claim?

[Anonymous]

Thanks.

Also, just so my understanding is correct of investment interest expense:

Gross investment income

<investment interest expense in excess of 2% AGI>

= net investment income

And the investment interest expense can only be deducted to the extent of net investment income, is NOT a misc itemized deduction, and any excess is carried forward indefinitely. Correct?

[Anonymous]

Thanks.

Also, just so my understanding is correct of investment interest expense:

Gross investment income

<investment interest expense in excess of 2% AGI>

= net investment income

And the investment interest expense can only be deducted to the extent of net investment income, is NOT a misc itemized deduction, and any excess is carried forward indefinitely. Correct?

[mags603]

In response to my above question, you do get the additional exemption for grandpa even tho he dies right way, i thought you had to shell out more money but then again i guess for this 3 days in the new year, they were supporting him

[Author]

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