Self-Rental Real Estate: Passive Activity & Section 199A
Overview
This program presents a detailed analysis of the self-rental passive activity rules, including forms reporting examples and integrates them with the 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.
Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Intermediate
This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by CPA Crossings.
Highlights
The major topics that will be covered in this class include:
- Definition of 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
- Form 8582 (passive activity)
- The flow-through entity grouping election
- Illustrative examples and consequences of failing to comply with the reporting standards
- Self-rental property and "former passive activities" rules
Prerequisites
Basic working knowledge of real estate taxation.
Designed For
CPAs working in public accounting and members in industry.
Objectives
After attending this presentation you will be able to...
- Apply the passive activity and flow-through entity rules for "self-rental property" and show how these situations should be reported on various tax forms
Preparation
None
Leader(s):
Leader Bios
Steven Dilley, CPA Crossings, LLC
Steve Dilley is President of Federal Tax Workshops, Inc. He is nationally known speaker and author on financial, accounting, and tax problems of the closely held business and individual taxpayers. Steve obtained his undergraduate accounting degree, PhD in accounting, and law degree from the University of Wisconsin-Madison and is a retired Professor of Accounting at Michigan State University. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.
Non-Member Price $89.00
Member Price $89.00