Tax Basis Calculations

  • Creator
    Topic
  • #1553686
    tvpaul
    Participant

    Any tips on mastering basis calculations? I’ve been doing a ton of MCQs but still doesn’t come intuitively for me.

    BEC: 80
    AUD: 88
    FAR: Retake
    REG: Retake

    CMA Part 2: 390

    CMA Part 1: TBD

Viewing 4 replies - 1 through 4 (of 4 total)
  • Author
    Replies
  • #1554300
    NattySD
    Participant

    I would try to do SIMs for the basis calcs. Since basis calcs are more complex, I found it really helpful having to answer each step of the calculation in SIMs (and being able to review why I got certain steps wrong), rather than just one part of the calculation like MCQ.

    AUD - 59
    BEC - 81
    FAR - 69
    REG - 93
    BEC - 81 (expired), Dec 2019

    AUD - 59, Apr 2020

    REG - 93 (expired), Jan 2020

    FAR - 69, Feb 2020

    #1554325
    STBarett23
    Participant

    I am too interested in this 🙂

    #1554328
    Anonymous
    Inactive

    Basis rules seem to make sense if you think about the goal of why a loss may be disallowed or why a different basis is used, etc.

    I don't have any tips except for MCQ repetition and pattern recognition. I've tried corroborating with Roger videos and also researching on google and other authoritative literature as well in the past which seemed to help.

    Good luck.

    #1554496
    ajm317
    Participant

    This area has gotten my very confused/frustrated. Go on youtube, there are some videos that do a decent job of explaining this. Then I would suggest doing SIMs. I have been using sim #73 on Ninja. Did it about 5 times already and I'm finally getting it. Good luck

    AUD - 82
    BEC - 84
    FAR - 77
    REG - NINJA in Training
    Using Wiley & Ninja MCQ
Viewing 4 replies - 1 through 4 (of 4 total)
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