Skip to content
Warren AI
Sign in
Income Tax Planning
Chapter 14: Passive Activity Rules/SUSPENDED PALs AND TRANSFERS
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 14: Passive Activity Rules

SUSPENDED PALs AND TRANSFERS

01.Core Concepts

• Death • Deductible on final income tax return to extent they exceed step-up to FMV • Gifts of assets with suspended PALs. • Donee’s basis is increased by the suspended loss.