Income Tax Planning

Chapter 8: Other Deductions, Penalties, and Loss Disallowance/LIMITATIONS OF SPECIFIC DEDUCTIONS

Warren Academy Course SyllabusSyllabus Slides

Chapter Study Session

Chapter 8: Other Deductions, Penalties, and Loss Disallowance

LIMITATIONS OF SPECIFIC DEDUCTIONS

01.Core Concepts

• Bad debts • Worthless securities • Section 1244 stock • Losses of individuals • Research and experimental expenditures • Net operating losses (NOLs) • Depreciation