Surgent's Real Estate for Accounting and Finance Professionals
Available Anytime
Location:
Online
2Credits
Technical Business
Registration is Open
FICPA Members
Nonmembers
$144.00 Regular Price
Product Code: SU24-RLE2-SSWC
Level: Basic
Vendor: Surgent
Field of Study: Taxes
Overview:
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.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
Designed For:
Accounting and finance professionals seeking a comprehensive understanding of the intersections between rental real estate and federal income taxationPrerequisite:
NoneAdditional Info:
You will receive an email from [email protected] with instructions on how to log onto your course shortly. If you do not receive the email within the hour, please check your spam filter.
For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.