If under an S-corp a person runs 2 different activities, one with material participation and the other without material participation, he can combine the income/loss from these activities?
the example of mario, how come you are offsetting the passive income of 15K against the active loss of 75k? thought you said those are separate and can't be offset against each other? and also in the solution you are referring to a 15K loss when in the facts of the questions, the 15 is mentioned as income.
"I don't recommend vape stores but that doesn't matter that's what she wants to do" - Had a good laugh when you said this 😄
Would love to see you cover this topic as it relates to Short Term Rentals (avg 7 days or less)
Great lecture! Helped me clarify the concepts Where can we find the MCQ's for practice?
At Sakshi, at my website: www.farhatlectures.com
If under an S-corp a person runs 2 different activities, one with material participation and the other without material participation, he can combine the income/loss from these activities?
the example of mario, how come you are offsetting the passive income of 15K against the active loss of 75k? thought you said those are separate and can't be offset against each other? and also in the solution you are referring to a 15K loss when in the facts of the questions, the 15 is mentioned as income.
The calculation is correct.. please go through again..
great video! it would be helpful if you can also make a video to explain Nexus and public law no. 86 272 .
Noted. farhatlectures.com/