Loading

Residential Rental Property Tax and Accounting Issues

Exam Questions: 40
Course Level: Basic
Pages: 172 | Content: 162, Supplemental: 10
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 7300J

The tax benefits of residential rental property make it a popular investment opportunity. This course covers the accounting issues related to residential rental property, including the rental of vacation homes, installment sales, and the passive activity and at-risk rules. All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-T-00514-23-S

Choose Your Format to ADD TO CART:

Go to CART

Course Information

Table of Contents
  • Residential Rental Property Including Rental of Vacation Home
  • Installment Sales
  • Passive Activity and At-Risk Rules
Objectives
  • To recognize how to report rental income and expenses, including depreciation, on the return
  • To recognize proper handling of casualty losses for residential rental property
  • To identify the passive activity and at-risk rules related to residential rental property
  • To recognize the general rules that apply to all installment sales
  • To identify circumstances where more complex installment rules apply
  • To recognize the two sets of rules that may limit losses you can deduct on your tax return from any trade, business, rental, or other income-producing activity

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.