REG Mnemonics Exam Questions & Answers 2024/2025
HIM DEAD - ANSWERSNo Penalty Tax:
Homebuyer
Insurance-medical
Medical expense
Disability
Education
And
Death
HIDE IT - ANSWERSNot taxable:
Homeowner exclusion (500,000 MJF)
Involuntary exchange (no gain recog)
Divorce propert...
Home mortgage (home mortgage= $1,000,000; home equity = $100,000)
Investment
Personal (consumer)
Pre-paid
Educational loan ($2,500)
RIPS - ANSWERSTaxes that are itemized: commit"S"
Real estate
Income
Personal property
Sales (sales or income tax)
PANIC TIMME - ANSWERSAMT Adjustment (Individual):
+Passive loss
Accelerated depreciation
NOL
Installment sale income from dealer
Contracts - % vs. complete
+Tax deductions
+Interest deductions on home equity loans - (add back not for home portion)
+Med deductions (10% not 7.5%)
+Misc. deductions (add back 2%)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Bensuda. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.49. You're not tied to anything after your purchase.
