Course curriculum

  • 01

    Introduction & What’s New

    • 9010 Residential Rental Property What’s New

    • 9020 Residential Rental Property Introduction

  • 02

    Rental Income and Expenses

    • 9030 Residential Rental Property Rental Income and Expenses (If No Personal Use

    • 9035 Residential Rental Property Rental Income and Expenses (If No Personal Use

    • 9040 Residential Rental Property Rental Income and Expenses (If No Personal Use

    • 9042 Residential Rental Property Rental Income and Expenses (If No Personal Use

  • 03

    Depreciation of Rental Property

    • 9060 Depreciation of Rental Property Part 1

    • 9070 Depreciation of Rental Property Part 2

    • 9080 Depreciation of Rental Property Part 3

    • 9090 Depreciation of Rental Property Part 4

    • 9100 Depreciation of Rental Property Part 5

    • 9110 Depreciation of Rental Property Part 6

    • 9115 Depreciation of Rental Property Software

  • 04

    Reporting Rental Income, Expenses, and Losses

    • 9150 Reporting Rental Income, Expenses, and Losses Part 1

    • 9200 Rental Property Special Situations Part 1

  • 05

    Special Situations

    • 9210 Rental Property Special Situations Part 2

    • 9305 Personal Use of Dwelling Unit (Including Vacation Home) Part 1

    • 9305 Personal Use of Dwelling Unit (Including Vacation Home) Part 2

    • 9310 Personal Use of Dwelling Unit (Including Vacation Home)

Description

This course will focus on tax preparation related to rental real property.

We will look at each new concept from multiple angles, starting with a presentation discussing the topic and then looking at examples to better understand the concepts in action.

The example section will use tax forms to work problems and an accounting equation method using Excel so learners will understand the impact on the actual tax return and visualize the concepts using a tax formula.

We will start with an introduction to residential rental property and go over what’s new.

Learners will understand what constitutes rental income and expenses for a situation where there is no personal use of the dwelling. We will understand when to deduct and what the most common deductions are.

Learners will understand the concept of points and the tax implications.

The course will discuss the concept of depreciation, providing examples using tax forms and worksheets to solidify the information.

We will discuss the concept of basis and how it is calculated. Learners will understand what rental property can be depreciated and well as when depreciation should begin and end. The course will outline depreciation methods and how to determine the proper one for a particular situation.

We will also discuss reporting rental income, expenses, and losses. Learners will know which forms to use. The course will cover Schedule E and provide example presentations demonstrating the form.

We will also discuss loss limitation rules.