Identify passive activity losses and apply passive activity rules.
20%
20%
20%
20%
20%
20,
20,
20,
20,
20
16.7%
Compute alternative minimum tax and identify adjustments made in calculating AMT.
20%
20%
20%
20%
20%
20,
20,
20,
20,
20
16.7%
Discuss and explain the application of tax credits.
20%
20%
20%
20%
20%
20,
20,
20,
20,
20
16.7%
Identify and demonstrate proficiency in the determination of gain or loss and basis.
20%
20%
20%
20%
20%
20,
20,
20,
20,
20
16.7%
Identify and demonstrate application of regulations related to property transactions such as nontaxable exchanges, capital gains and losses, section 1231, and recapture provisions.
20%
20%
20%
20%
20%
20,
20,
20,
20,
20
16.7%
Demonstrate proficiency in the use of Turbo Tax software in preparing tax returns.
