Up-to-date coverage of an ever-changing area within the tax code, this course provides a tool for understanding IRC Section 469, which limits deductions for passive activity losses by the taxpayer. This course identifies the taxpayers subject to the passive activity loss rule and discusses what constitutes a passive activity. Then, this course details material participation, grouping activities, and rental activities as they relate to passive losses. Finally, credits, dispositions, and other issues are discussed.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.