REG Help

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  • #1404852
    onthewaytoacpa5
    Participant

    Hi guys,

    I have a quick question based on a SIM that I received on the REG exam.

    If I am asked to fill out information for an estate tax return, but say only 20% of the activities relate to the estate and the other 80% is personal, how would I report all the activities on the estate tax return? Does it depend on the activities that they list? Don’t really remember learning this or where I can find more information. I’m using Becker. Thanks in advance!

    Also, any tips on at-risk amounts? I got a SIM on that as well and I’m not too sure how to calculate more advance at-risk amounts/related calculations. Thanks!

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