This course gives you the nuts and bolts needed to prepare a correct Schedule E for a rental property. In addition, the vacation home rules and how the passive loss limitation rules apply to a rental property are also discussed.  The impact of Section 199A has on rental property is also covered in this webinar.

Learning Objectives

•Demonstrate how to properly complete Schedule E with appropriate expenses, including depreciation expense.

•Describe how the passive loss limitation rules and exceptions apply to rental activities.

•Understand when a rental activity rises to the level of a trade or business and its impact on various tax law provisions, including Section 199A.

•Explain the vacation home rules and how they impact the calculation of rental expenses.

•Recognize issues to address when a property is converted from personal use to rental use, or rental use to personal use.

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

IRS Program Number for Self-Study On-Demand Webinar: NMVBP-T-00120-19-S

Delivery Method: Self-study/On-demand

Field of Study: Federal Tax Law (IRS)

Credit hours:  2 IRS

Instructor: Kevin C. Huston, EA, USTCP Click here to learn more about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here to learn more about our education policies. 

 

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