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Self-Rental Passive Activity: When Does it Exist and How Do You Report It

03.05.18 2:00PM – 03.05.18 4:00PM

Details

Credits
2.00

Level
Intermediate

Fees

Member Fee
$79.00

Nonmember Fee
$113.00

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General Info

Description
This program presents a detailed analysis of the self-rental passive activity rules, including forms reporting examples. This course qualifies for PTIN credit. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions either during or after the event.
Highlights
  • Definition of self-rental property.
  • 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).
  • 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
To provide a working knowledge of the passive activity rules for "self-rental property" and show how these situations should be reported on various tax forms.
Designed For
CPAs working in public accounting firms and members in industry.
Vendor
CPA Crossings, LLC
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