Passive Activities: Becoming a Tax Ninja Part 4 (Completed)
Date: Wednesday, May 13, 2026
Instructor: Greg White
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Join expert Greg White, CPA, as he walks you through the latest techniques for minimizing the impact of the passive activity rules. We’ll cover the “recharacterization rules” that can transform passive income into nonpassive income (and how this can help avoid the net investment income tax). We’ll also cover the disposition rules that allow taxpayers to free up suspended passive losses.
Topics Covered
- Using the "recharacterization rules" to reduce net investment income tax (NIIT)
- How to trigger a disposition that frees up suspended passive losses
- How former passive activities are treated for tax purposes
Learning Objectives
- Identify income that is subject to the recharacterization rule
- Identify requirements to trigger a disposition that allows suspended passive losses to be taken on the current year's return
- Identify how to apply suspended losses from a "former passive activity"
- Identify the amount of NIIT produced when SIPPA rules are met
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
