Surgent's Guide to Understanding the Passive Activity Rules (Self-Study)


Date Valid for one year from purchase date
Format Self-Study (Downloadable PDF)
CPE credits CPE 4.0
4.0 IRS CE approved
of study
Taxes - Technical (4.0)
Standard member fee $65.00
checkmarkStandard nonmember fee $65.00

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Now more than ever, every business owner and real estate investor must determine if they materially participate in any and all trades or businesses, because there are potential implications for the net investment income tax. These extremely complicated rules require an in-depth understanding of election and planning issues that CPAs need to know. The IRS has been very aggressive in audits under the passive loss rules.

Who should take this program?

CPAs in public accounting who deal with complex individual tax returns

Major subjects

  • A survey of the 300 pages of regulations under the passive activity loss rules
  • Understanding and substantiating material participation
  • An in-depth discussion of when you may or may not make an aggregate election for activities
  • What does it mean to qualify as a real estate professional?
  • How do taxpayers fail in their quest for real estate professional status?

Learning objective(s)

  • Understand the passive activity rules on a much deeper level
  • Discuss tax planning issues on these topics with clients


Course code Code JSDLPAR4
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Self-Study (Downloadable PDF)
Prerequisites Prereq. Five or more years in public accounting working on complex individual tax returns