Computation Focus for Tax Exam 2 (not all inclusive) (2 minute drill) by arnold1

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									Computation Focus for Tax Exam 2 (not all inclusive) (2 minute drill!)
Reminder:
   1. You may only use your notes and book during the last 30 minutes of the exam.
   2. You can access notes at http://www.uww.edu. Pull down e-learning menu and select
      ROAD, Click on Course Files, etc.,click on cummingr.

Chapter                                             Topic
2         Tax Formula
6         Gain or loss and basis of related party sales.
6         Vacation Home/Rental- Court Method allocation
6         Wash Sale –partial repurchase
6         Hobby Deductions
7         Investment interest expense
7         Deductible amounts of itemized deductions (content & percentage)
7         Charitable Contribution Limitations and Carryover
8         Sec. 1244 stock loss
8         Casualty and Theft loss
8         Net Operating Loss
9         Unreimbursed employee expense
9         Unreimbursed moving expense
9         Automobile expense
9         Taxability of annuity plan benefits
9         Maximum IRA deductible contribution
10        MACRS depreciation- acquisition, disposition
10        Sec. 179 Expensing
10        MACRS- Luxury Auto Limitation

								
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