Please note: This course must be completed by Tuesday, December 31, 2024 at 11:59 pm ET. Please complete the course AND submit credit before the deadline. Save a copy of your Certificate of Completion for your records. Once submitted, your CPE hours will also reflect in your official CPE transcript.
This program defines self-rental property—both for 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.
Event Level: Intermediate
Who Should Attend: CPAs working in public accounting and members in industry
Required Knowledge: Basic working knowledge of business taxation
Advanced Preparation: None
Vendor: Federal Tax Workshop
Speaker: Dilley, Steve