Four Tiers of Loss Limitations: A Guide to the New Rules for Pass-Through Entities
Understand the essentials to deal with the complexities and interactions of pass-through loss limitations. Get an in-depth review of the four tiers of loss limitations, including analyzing how basis in an ownership interest in a pass-through entity is established, how activity of the entity, distributions, and optional adjustments increase or decrease basis, when basis is "at-risk" under section 465, and when and how aggregation of activities should be used to avoid the passive loss rules.Highlights
- Tier 1: Basis limitations for S corporation shareholders and partners
- Tier 2: Section 465 at-risk limitations for S corporation shareholders and partners, including the impact of debt, indemnities, guarantees, and shareholder/partner agreements
- Tier 3: Section 469 passive loss limitations and exceptions to the limitations
- Tier 4: The new excess business loss limitation of the Tax Cuts and Jobs Act of 2017 (new Section 461(l))
Registration
PICPA Member: $139
Nonmember: $189
More Information
Course No.
765501
Level:
Intermediate
Prerequisites:
Basic familiarity with loss allowance rules of pass-through entities
Speaker(s)
Robert Gilwee
Gilwee & Green LLC
Course No. 765501
Level: Intermediate
Prerequisites: Basic familiarity with loss allowance rules of pass-through entities
Robert Gilwee
Gilwee & Green LLC
