Enrolled Agent Exam Study Group
Team up with fellow candidates and conquer the Enrolled Agent Exam.
The community feature allows you to connect with other students studying for the exam. Like a traditional study group, you can share advice, ask questions, and help others understand topics which you have already mastered. ### A few tips to help you begin * **Your Participation Matters**— This forum won’t succeed without participation. If everybody only *asks* questions it won’t work. We built this feature as a resource for students to help each other. * **Create Posts**—You can create and answer posts while viewing a question or from within the main Forum. If you post from the question, please keep the discussion relevant to the question in focus. There is no need to copy/paste content from the question as it automatically attaches to your post. * **When to Reply vs Comment**—There are two ways to interact with a post, a *reply* and a *comment*. Reply to a post to provide the answer or a longer response. You can leave comments (short messages) on the post to ask for clarification or share your opinion. * **Connect in the Forum**—The main Forum hub is a central location where you can post about a variety of topics that are not specifically connected to the learning materials. This is a great place to compare exam strategies, learn from other student’s perspectives, and discuss any other topic that may benefit the community. That’s all for now. Be sure to review our [Community Rules & Guidelines](/ea-forum/post/284) before creating your first post.
In this exam question, the partners exchanged like-kind business real property, and paid, but were not reimbursed by the prior owner, for unpaid real estate taxes. The correct answer capitalizes the taxes along with the basis of the building. Is this incorrect? I read on one of the practice questions that real estate taxes cannot be capitalized, they need to be expensed. Which is correct?
"His current adjusted basis in the partnership is $50,000, which includes his share of partnership liabilities of $10,000." If the above INCLUDES his share of partnership liabilities of $10,000,( (total basis of $50,000 =initial investment of $40,000 + $10,000 partnership liabilities), then why is the answer adding another $10,000?
The IRS says it takes about 60 days to process your application for EA after you pass all 3 parts of the Special Enrollment Exam. Does anyone know if tax prep firms will hire you for the upcoming tax season with proof of passing all 3 exams, even though the IRS is still processing the EA application? Any names of websites that hire tax preparers working remotely? Thanks!