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Residential Rental Property Tax and Accounting Issues

Exam Questions: 40
Course Level: Basic
Pages: 174 | Content: 162, Supplemental: 12
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 7300G

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-00414-21-S

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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

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