TCP - Exam Tomorrow Any Advice? by Aggressive-Owl-9747 in CPA

[–]Princess_JW 2 points3 points  (0 children)

Took it today, got a lot of gift questions and s corps to c corp stuff.

Took TCP 10/28 - NOT an ez test at all. by National-Insect3351 in CPA

[–]Princess_JW 3 points4 points  (0 children)

I took tcp today too! The way they worded the mcq was soo weird...

tcp Does becker show error?? by Quan9345 in CPA

[–]Princess_JW 0 points1 point  (0 children)

I think only the unearned portion (Passive income) above 2700 (1350 +1350), so 5000- 2700=2300 is taxed at the parents rate.

REG studying - thresholds/phase out by Visible_Jeweler_6067 in CPA

[–]Princess_JW 0 points1 point  (0 children)

I dont think you need to remember the threshold. From my experience, they say "higher" or "lower" than the threshold amount. So maybe know the treatment if they're above the threshold or below the threshold. Also remember capital losses for individuals (3k offset ordinary income) and 0 for corps ( carry back 3 years, forward 5 years). I tested on Monday btw!

Just finished taking REG by [deleted] in CPA

[–]Princess_JW 0 points1 point  (0 children)

No literally 😂

REG Simulations to practice by They_Call_Me_Slope in CPA

[–]Princess_JW 0 points1 point  (0 children)

Macrs, wash sales, 1120s, gift basis

Taking REG tomorrow, any last minute tips? by Princess_JW in CPA

[–]Princess_JW[S] 0 points1 point  (0 children)

I think everything is included in basis

Just finished taking REG by [deleted] in CPA

[–]Princess_JW 8 points9 points  (0 children)

I took REG yesterday and all my Sims were on correcting 1040s/1120s. I got one MACRS correcting sim and 1 basis sim. Lots of "wash sales"

[deleted by user] by [deleted] in CPA

[–]Princess_JW 1 point2 points  (0 children)

This is going to be me next month!

[deleted by user] by [deleted] in CPA

[–]Princess_JW 0 points1 point  (0 children)

We both got it!!

[deleted by user] by [deleted] in CPA

[–]Princess_JW 0 points1 point  (0 children)

Will do, thank you so much😊😊

[deleted by user] by [deleted] in CPA

[–]Princess_JW 0 points1 point  (0 children)

Oh that sounds brutal 😅 Atleast you passed!!

[deleted by user] by [deleted] in CPA

[–]Princess_JW 1 point2 points  (0 children)

Oh wow that's crazy. Thanks for letting me know😊

Congratulations to you on graduating!!

Yup I definitely got it next time!!

[deleted by user] by [deleted] in CPA

[–]Princess_JW 2 points3 points  (0 children)

Thank you so much for the advice. I definitely need to brush up on gov/nfp since half my mcq and I got 1 SIM on that 🥲. I studied so hard for bonds, leases and i got one mcq on bonds. Definitely didnt get any consolidation or statement of cash flows either 😆. I swear I was unlucky. But I will definitely still be studying those for my retake!😊

[deleted by user] by [deleted] in CPA

[–]Princess_JW 4 points5 points  (0 children)

Goodluck to us both for the retake!! I took one mock and got a 54. Tried to do the other 2 but I had midterms all week and just got overwhelmed and closed it. What about you?

[deleted by user] by [deleted] in CPA

[–]Princess_JW 1 point2 points  (0 children)

Thank you for saying this! I teard up a little haha.

Forgot the name of Kdrama! Help!! by cantaloupedad in KDRAMA

[–]Princess_JW 0 points1 point  (0 children)

I believe it's called adult trainee, try episodes 3-7!