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1 CPE Credit

Surgent's Max the Tax: Schedule E

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1 CPE Credit

This is a text-based course. To receive credit, you are required to review all content and achieve a minimum score of 70% on the final exam.

You just received an email from Roni, a prospective new client. He owns several properties under the business name Roni's Real Rentals LLC and wants help minimizing rental income and maximizing deductions that offset the rental income. You will interview Roni and visit his two properties to gain a better understanding of his situation. Advise Roni by providing him good and relevant ideas, and he will ask you to be his new tax accountant.

Learning Objectives

  • Understand what qualifies as supplemental / rental income on Schedule E  
  •  Understand what qualifies as expenses to report on Schedule E 

Major Topics

  • Business development
  • Types of properties
  • Rental property use 
  • Rental expenses
  • Deductible expenses
  • Repairs and maintenance
  • Capitalization of expenses
  • Depreciation
  • Accounting methods
  • Treatment of security deposits

CPE Credits Available

1 CPE Credit
1
Taxes

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Enrolled Agent - IRS Credit Eligible
  • Tax
  • Individual Tax

Prerequisites

Basic knowledge of tax accounting principles

Advanced Preparation

None

Intended Audience

Tax practitioners desiring an interactive approach to learn key tax knowledge

Provider

Surgent CPE

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