On-Demand

2 CPE

Surgent's Real Estate for Accounting and Finance Professionals

On-Demand
2 CPE

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This course is delivered as a recorded video. After completing all sessions, you must pass the final exam with a minimum score of 70% to receive credit.

 Explore the intricacies of federal income taxation as it intertwines with rental real estate activities. This course delves into the calculation of rental income, understanding the nuances of deductions, and unraveling the complexities of passive activity loss rules. Whether it's mastering Schedule E or understanding Congress' intent behind tax laws, professionals will leave with an enriched understanding.

Learning Objectives

  • Effectively compute rental income and expenses
  • Decode the implications of renting out vacation homes
  • Navigate different tax forms including Schedule E and Schedule A
  • Unravel the complexities of passive activity loss rules and their foundational reasoning
  • Differentiate between active and material participation
  • Understand the nuances in grouping passive activities for tax purposes
  • Navigate the primary limitations on deductibility of passive losses
  • Dive into the influence of at-risk rules on deductions and taxable income
  • Recognize when and how real estate activities are classified as active businesses
  • Identify scenarios for applying individual investor exceptions in passive activity loss rules
  • Analyze Section 199A QBI deduction and safe harbor rules for real estate professionals

Major Topics

  • Rental income and expense calculation and reporting
  • Deciphering Schedule E (Form 1040)
  • Nuances of vacation home rules
  • Passive activity loss rules: foundations and implications
  • Active vs. material participation in rental activities
  • Tax reporting: how to group passive activities
  • Limitations on passive losses: at-risk rules and deductions
  • Classifying rental real estate activities
  • Navigating exceptions in rental real estate taxation

CPE Credits Available

2 CPE
2
Taxes

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Enrolled Agent - IRS Credit Eligible
  • Tax

Prerequisites

None

Advanced Preparation

None

Intended Audience

Accounting and finance professionals seeking a comprehensive understanding of the intersections between rental real estate and federal income taxation

Provider

Surgent CPE

Purchase This Course

  • COCPA Member

    $ 109 109
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  • COCPA Non-Member

    $ 142 142
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