Using Business and Rental Losses
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Join instructor Kevin C. Huston, EA USTCP, as he reviews the loss limitation rules that apply to business and rental losses and how you can potentially mitigate their effect. Included in the discussion are the at-risk limitations, the passive loss limitations, the entity basis limitations, net operating losses, and Section 461(l) excess business losses.
Learning Objectives
• Understand the at-risk limitation rules and when they apply.
• Understand the passive loss limitation rules and when they apply.
• Understand the entity basis limitation rules and when they apply.
• Understand the net operating loss rules pre- and post- the Tax Cuts and Jobs Act.
• Understand the Sec. 461(l) excess business loss rules and when they apply.
