course

Rental Activity Issues for the Small Client

(13)
3.76923
25 Enrolled
2 Hours (On-Demand)
2 CPE  
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: January 19, 2023
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 Quite a bit of the material is out of date though with the new tax law.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 .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Lesson 1 - Introduction To Rental Activity Issues For The Small Client4:16
  Lesson 2 - Rental Income Basics18:24
  Lesson 3 - Treatment of Expenses and Review IRS Publication 52712:16
  Lesson 4 - Basis and Depreciation and Review IRS Publication 52713:50
  Lesson 5 - Allocations3:25
  Lesson 6 - Condominiums5:01
  Lesson 7- Personal Use Of Dwelling Units22:10
  Lesson 8 - Loss Limitations and Review IRS Schedule E and Form 858215:13
CONTINUOUS PLAY
SUPPORTING MATERIALS
  Rental Activity Issues for the Small Client Glossary/IndexPDF
  Form 1040PDF
  Form 8582PDF
  Publication 527PDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam