Self-Study
Passive Loss & At-Risk Rules
Understand §469 passive loss limitation rules. Identify planning opportunities, implement tax-saving strategies, and more under §469.
Price range: $58.00 through $78.00
Webcasts are available for viewing Monday – Friday, 8am – 8pm ET,
and Saturday & Sunday, 10am – 6pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
2 Credits: Taxes
Course Level
Overview
Format
Self-Study
Course Description
With the adoption of the passive loss limitation rules, taxpayers are looking to CPAs for guidance related to what deductions are allowed, disallowed, or sus-pended. Updating practitioners on the practical aspects of §469, this course ad-dresses the needed skill to handle these pragmatic issues. Fundamentals are re-viewed, planning opportunities are identified, and creative strategies are dis-cussed and evaluated along with remaining traditional approaches. The goal of this instructive course is to understand and solve client problems under §469, with emphasis on tax savings ideas. Participants will learn to master the proper administration of these complex and often cumbersome provisions.
Learning Objectives
- Identify affected taxpayers, categories of income and loss, the impact of gifting passive property, and the ordering of passive losses under §469.
- Recognize a taxpayer’s material participation in an activity by:
- Identifying the material participation tests and their application to entities such as partnerships and corporations;
- Specifying the activity grouping rules and exempt activities;
- Determining passive activity, particularly the treatment of rental activity as passive; and
- Identifying “nested” activities.
- Identify special passive loss rules and calculations by:
- Determining alternating use effects on amount realized and adjusted basis and citing additional loss limitations outside of §469; and
- Recognizing requirements for active business recharacterization (12-month test).
- Recognize the passive activity audit guidelines identifying audit issues, determine the real estate rental activity credit exception, and cite the at-risk limit rules as they relate to §469.
Course Specifics
823325562
September 14, 2026
General understanding of federal income taxation.
None
88
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02609-24-S
IRS Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-01897
CTEC Federal Tax Law Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Danny Santucci, BA, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning. Speaking to more than 100 groups nationally each year, he is known …
QAS Self-Study
