Passive activity losses have been around since 1986. They came out with clarifications on the grouping election in 2010. There have been a series of court cases over the past decade that have come down and ruled against the taxpayer. We could all use a pencil sharpening on the subject. This course gets into real estate professional, material participation, and active participation. The course goes through all the rules and then provides a verbal flowchart of questions you should ask to get the maximum benefit to the client.  It will touch on some planning around the Medicare surtaxes, the net investment income tax, and what are some of the ways we can get the benefits there. Can we combine husband and wife together for real estate professional? Can we combine them together for material participation? Another helpful aspect of covering 469 is we can compare and contrast to the safe harbor rules under the revenue procedure with 199A.