Instructor for this course
more
Not currently accepting new students

This course covers the following topics: Rental Income Basics Expenses and Review IRS Publication 527 Basis and Depreciation and Review IRS Publication 527 Allocations Condominiums Personal Use Of Dwelling Units Loss Limitations and Review IRS Schedule E and Form 8582. It also reviews treatment of income, expenses, the new repair regulations, self rental, converting from personal to rental, partial rental use, IRS vs Tax Court methodologies and dispositions.

Learning Objectives

  • Know and apply the rental income basics.
  • Understand expenses and IRS Publication 527.
  • Understand basis and depreciation and IRS Publication 527 regarding allocations
  • Know the tax treatment of the rental of condominiums.
  • Understand the rules of personal use of dwelling units.
  • Know loss limitations and review IRS Schedule E and Form 8582.


 

Last updated/reviewed: November 10, 2019

6 Reviews (13 ratings)Reviews

3
Member's Profile
It would've been helfpul to have the pdf version of the course materials so I can read it much faster than having to listen to the video.
4
Anonymous Author
Relevant scenarios covered in this short course. Good summary of Schedule E and Form 8582, including examples provided.
5
Member's Profile
Very interesting and applicable to my current situation. Makes it easy to understand and follow
3
Member's Profile
great instructor. Quite a bit of the material is out of date though with the new tax law.
4
Member's Profile
it was good informative pretty through. This was real basic course for beginners.
4
Member's Profile
This course would be most relevant to a tax preparer not familiar with rentals.

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  4:16Lesson 1 - Introduction To Rental Activity Issues For The Small Client
  18:24Lesson 2 - Rental Income Basics
  12:16Lesson 3 - Treatment of Expenses and Review IRS Publication 527
  13:50Lesson 4 - Basis and Depreciation and Review IRS Publication 527
  3:25Lesson 5 - Allocations
  5:01Lesson 6 - Condominiums
  22:10Lesson 7- Personal Use Of Dwelling Units
  15:13Lesson 8 - Loss Limitations and Review IRS Schedule E and Form 8582
CONTINUOUS PLAY
SUPPORTING MATERIALS
  PDFRental Activity Issues for the Small Client Glossary/Index
  PDFForm 1040
  PDFForm 8582
  PDFPublication 527
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM