Self-Rental Real Estate: How to Integrate the New Rules

Course Details

Date

Wednesday, May 19, 2021

8:00am – 10:00am (Registration: 3:01am)

Location

Online

Field of Study

Taxation

CPE Credit

2 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CPA Crossings

Prerequisites

Basic working knowledge of real estate taxation.

Description

This program presents a detailed analysis of the self-rental passive activity rules, including forms reporting examples, and integrates them with the Section 199A, flow-through entity rules related to self-rental.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics covered in this class include:

  • Definition of self-rental property, both Sections 199A and 469
  • Self-rental income from directly owned properties and reporting on Form 1040, Schedule E, page 1
  • Self-rental income from indirectly owned (partnerships, S corporations) and reporting on Form 1040, Schedule E, page 2
  • Self-rental property and the Form 8582 (passive activity)
  • Self-rental property and the flow-through entity grouping election
  • Several real-life situations illustrate the various possibilities and discuss the consequences of failing to comply with the reporting standards
  • Self-rental property and "former passive activities" rules

Objectives

After attending this presentation you will be able to...

  • Demonstrate a working knowledge of the passive activity and flow-through entity rules for "self-rental property"
  • Show how these situations should be reported on various tax forms

Designed For

CPAs in public practice and members in industry.

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee
$79.00

Non-Member Fee
$103.00

Your Price
$103.00

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