- NY Credits : 2.0
- TX Credits : 2.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 2.0
Checkpoint Learning
Course Detail
This course discusses two sets of IRS rules that may limit the amount of deductible loss from trade, business, rental, or other income-producing activities on a tax return-the passive activity rules and the at-risk rules. As a basic level course, it is most beneficial to professionals new to the passive activity and at-risk rules for deducting losses, such as those at the staff or entry level of the organization. It may also benefit an experienced professional with limited exposure to these rules.
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