Description
The application of the Non-Commercial loss rules to individuals and individuals in partnership are critical to the determination of deducting losses incurred in a business activity.
This webinar discusses the following matters in relation to this key issue:
- When do the rules apply such that a taxpayer can deduct a loss?
- How is the $250,000 income threshold calculated?
- When to do the 4 tests apply to an individual when determining the application of the loss rules?
- How do the rules apply when a taxpayer enters a transaction in an isolated profit-making venture?
- How do the rules apply where clients have cryptocurrency/foreign exchange losses?
Join us for this discussion and presentation on a provision of the tax law which is often overlooked.
Recorded on Wednesday, 28 September 2022
1 CPD hour
Presented by: Phillip London
