The ________ Is at the Point in the Sky Where

question 34

Short Answer

The ________ is at the point in the sky where the Sun crosses the celestial equator at the onset of spring.

Identify how passive loss rules regulate the deduction of business activity losses.

Learn the process for the disposal of a passive activity and the treatment of suspended passive losses.

Understand the filing requirements and forms associated with at-risk and passive activity loss rules.

Analyze scenarios to determine a taxpayer's at-risk amount in various business investments.

---

Definitions:

Outstanding Shares

The total number of shares of a corporation's stock that are currently owned by all shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Stock Split

An action by a company to divide its existing shares into multiple shares to boost the liquidity of the shares, although the overall value of the company does not change.

Market Value

The current price at which an asset or service can be bought or sold in an open market.

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders and held in the company's treasury, reducing the amount of outstanding stock.