REG Study Group October November 2013 - Page 54

Viewing 15 replies - 796 through 810 (of 3,212 total)
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    Replies
  • #480036
    Qlad
    Member

    @Gottapass got it right…for the right reason…i totally missed that 3 months period…hope i won't forget now…

    @insiyah….i know only 2013 threshold…have to look at 2012.

    FAR 72,71,81 πŸ™‚
    AUD 64,71, 72, 75 πŸ™‚ I'm done !!!
    REG 73, 74, 74, 84 πŸ™‚
    BEC 76 πŸ™‚

    #480014

    @insiyah,

    The deduction was 125,000 for sec 179 in 2012

    #480038

    @insiyah,

    The deduction was 125,000 for sec 179 in 2012

    #480016
    svwCPA72
    Member

    @ insiyah24, I just looked it up. for 2012 the limit is $125,000 and the amount exceeding $500,000 is reduced dollar for dollar. I was thinking the same thing as you when I read it. I hope that helps.

    BEC: 80(8/10) expired, 77(10/14)!!!
    FAR: 79(11/10) expired, 80(8/14)!!!
    REG: 66(7/11), 70(1/12), 70(4/12), 73(10/13), 79(5/14)!!
    AUD: 43(8/11), 64(10/11), 65(2/12), 69(7/12) 64(10/12), 73(5/13), 64(7/13), 84(11/13)!!! Thank you Another71 for your help!

    Becker, Ninja Notes, Audio, Flashcard and Wiley test bank
    Yaeger and Wiley book for Audit

    I AM DONE!!!!

    #480040
    svwCPA72
    Member

    @ insiyah24, I just looked it up. for 2012 the limit is $125,000 and the amount exceeding $500,000 is reduced dollar for dollar. I was thinking the same thing as you when I read it. I hope that helps.

    BEC: 80(8/10) expired, 77(10/14)!!!
    FAR: 79(11/10) expired, 80(8/14)!!!
    REG: 66(7/11), 70(1/12), 70(4/12), 73(10/13), 79(5/14)!!
    AUD: 43(8/11), 64(10/11), 65(2/12), 69(7/12) 64(10/12), 73(5/13), 64(7/13), 84(11/13)!!! Thank you Another71 for your help!

    Becker, Ninja Notes, Audio, Flashcard and Wiley test bank
    Yaeger and Wiley book for Audit

    I AM DONE!!!!

    #480018
    Kenada
    Member

    Oh .. I see.. Okay thank you πŸ™‚

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

    #480042
    Kenada
    Member

    Oh .. I see.. Okay thank you πŸ™‚

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

    #480020
    Anonymous
    Inactive

    can anyone address @Kyu6‘s post? it's the second post on 1st page

    #480044
    Anonymous
    Inactive

    can anyone address @Kyu6‘s post? it's the second post on 1st page

    #480022
    Qlad
    Member

    In the Becker book , they say that if a property is held by two people and one dies….then 50% of that property will go to estate even if the proportion was not same for the contribution….but i just did a Wiley question and it says only the percent that the expired person had paid for the property will go to his estate,….which one is correct?

    FAR 72,71,81 πŸ™‚
    AUD 64,71, 72, 75 πŸ™‚ I'm done !!!
    REG 73, 74, 74, 84 πŸ™‚
    BEC 76 πŸ™‚

    #480046
    Qlad
    Member

    In the Becker book , they say that if a property is held by two people and one dies….then 50% of that property will go to estate even if the proportion was not same for the contribution….but i just did a Wiley question and it says only the percent that the expired person had paid for the property will go to his estate,….which one is correct?

    FAR 72,71,81 πŸ™‚
    AUD 64,71, 72, 75 πŸ™‚ I'm done !!!
    REG 73, 74, 74, 84 πŸ™‚
    BEC 76 πŸ™‚

    #480024
    Anonymous
    Inactive

    @Qlad, the only time property is always 50% included in the estate is if your SPOUSE jointly owns with you. A joint ownership with anyone else does not include their share of ownership. Hope that helps.

    #480048
    Anonymous
    Inactive

    @Qlad, the only time property is always 50% included in the estate is if your SPOUSE jointly owns with you. A joint ownership with anyone else does not include their share of ownership. Hope that helps.

    #480026
    Qlad
    Member

    @birds…thank you…so many little details are clear today…it has been worth time spent on A71 today…thanks to u all….lets keep this up…

    FAR 72,71,81 πŸ™‚
    AUD 64,71, 72, 75 πŸ™‚ I'm done !!!
    REG 73, 74, 74, 84 πŸ™‚
    BEC 76 πŸ™‚

    #480050
    Qlad
    Member

    @birds…thank you…so many little details are clear today…it has been worth time spent on A71 today…thanks to u all….lets keep this up…

    FAR 72,71,81 πŸ™‚
    AUD 64,71, 72, 75 πŸ™‚ I'm done !!!
    REG 73, 74, 74, 84 πŸ™‚
    BEC 76 πŸ™‚

Viewing 15 replies - 796 through 810 (of 3,212 total)
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