[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

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

[Mamabear]

@cpain–don't focus on the trending score as much as the average score. Trending score of 100% means you have gotten every question right, which I did going into the last exam. Unfortunately I had memorized a lot of the questions because I kept doing “question gotten wrong last time seen” over and over until they were all right. However my average was only about 70% and I got a 69 on the test.

CPA Exam - Finally DONE (November 2014)
BEC (08/10/13) 80
AUD (08/24/13) 65 (11/13/13) 85
FAR (04/12/14) 81
REG (07/19/14) 69 (11/29/14) 87!!

[Anonymous]

@Amor… Yes…. thank you so much!!!!!

[Anonymous]

Can someone explain to me how the Roth and traditional IRAs work? I'm getting confused on the withdrawals part.

[Anonymous]

Paul paid the real estate taxes on his rental apartment building. The real estate taxes are:

A deduction to arrive at adjusted gross income.

i thought real estate taxes were deductions FROM agi, not above the line deductions. this is from becker final exam practice, can someone clarify?

[Anonymous]

personal property taxes are itemized deductions from AGI. but the problem says it's a rental apartment building, and rental income is calculated in arriving at AGI.

[Mary 2496]

Rental income and expenses, including real estate taxes, would be reported on Schedule E which then carries over to arriving at AGI.

[Anonymous]

Under MFS tax return, H & W must file DICE [Deductions, Income, Credits, and Exemptions] separately.

The combined income of H & W is $100,000 ($70,000 & 30,000, respectively).

If H & W live in a community property state, where DICE is split 50/50, H & W declare $50,000 on gross income separately. Is that correct?

[shankysays]

I hate b-law. My Ninja trending score was 80% about a week ago, but I can't seem to get b-law above 70% and so my overall trending has fallen to 76% =(

BEC - 72, 82! ✓
FAR - 80! ✓
AUD - 70, 92! ✓
REG - 74, 78! ✓

Licensed CPA 5/2015

[LStevens225]

Anyone use ninja flashcards for Reg? Can you even buy flashcards by themselves? I am just starting reg and can't decide if I want audio or flashcards…

[Anonymous]

this may be a no brainer….

Land held for under a year, results in capital or ordinary g/l?

Becker says capital..

[Anonymous]

@ cpastudent22… less than a year is ordinary

[leglock]

Isnt it short term capital gsin which is taxed at ordinary rate?

[Anonymous]

@leglock, i believe you are correct.

but aren't tax rates the same for short term and long term capital gains currently? Both, being taxed at ordinary rates?

[leglock]

I dont believe so. I believe long term cap gains is a preferred rate that is 15 percent or 20 percent depending on ur agi

[Star86]

I can't wait to get this exam over with!!!

[Author]

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