Course curriculum

    1. 9010 Residential Rental Property Introduction

    2. 9060 Depreciation of Rental Property - Basics Part 1244b85b3.autosave

    1. 9030 Rental Income and Expenses (If No Personal Use of Dwelling) Part 1

    2. 9032 Rental Income and Expenses (If No Personal Use of Dwelling) Part 2

    3. 9042 Rental Income and Expenses (If No Personal Use of Dwelling) Example

    1. 9062 Depreciation of Rental Property - Basics Part 2987914.autosavec5e71.autosave

    2. 9067 Depreciation of Rental Property – MACRS & Special Depreciation Part 1

    3. 9068 Depreciation of Rental Property – MACRS & Special Depreciation Part 2

    1. 9115 Depreciation of Rental Property Example

    2. 9150 Reporting Rental Income, Expenses, and Losses - Overview

    3. 9153 Reporting Rental Income, Expenses, and Losses - Casualties & Theftsa685e.autosave

    4. 9155 Reporting Rental Income, Expenses, and Losses - Limits on Rental Losses Example

    5. 9200 Rental Property - Condominiums, Cooperatives, & Property Changed to Rental Use548ac8b.autosave

    6. 9215 Rental Property –Renting Part of Property & Change to Rental Use Example

    1. 9300 Rental Property - Personal Use - Dividing Expenses

    2. 9310 Personal Use of Dwelling Unit (Including Vacation Home) Example

About this course

  • $45.00
  • 16 lessons
  • 7 hours of video content

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.