Deductibility of Passive Activity Losses on Death
Provider: CeriFi Checkpoint Learning
Taxes
0.2 CPE Credits
Overview
QAS self study
The disposition of a passive activity on death is not the same as a disposition in a fully taxable transaction. The losses remain suspended and will transfer to the new owner's basis. This short course shows how to treat passive activity losses on the taxpayer's final return. Spidell's Federal Taxletter supplied materials used for this course. <br/><br/> This overview course may be appropriate for professionals at all organizational levels.