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The Landlord's Tax Deduction Guide

Exam Questions: 100
Course Level: Basic
Pages: 416 | Content: 398, Supplemental: 18
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 8180

Filled with practical advice and real-world examples, this course will help you advise your landlord clients on how to maximize their deductions. It covers landlord tax classifications, various allowable deductions, safe harbors available to landlords, depreciation, the pass-through deduction, hiring employees and independent contractors, casualty and theft losses, the net operating loss, the net investment income tax, and more. It has been updated to include changes to the tax laws revised because of the COVID pandemic. All course material provided. No prerequisites. Course level: Course level: Basic.

EA Program Approval Number: ZX34G-T-00496-22-S

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Course Information

Table of Contents
  • Tax Deduction Basics for Landlords
  • Landlord Tax Classifications
  • Deducting Your Operating Expenses
  • Repairs
  • Depreciation Basics
  • Maximizing Your Depreciation Deductions
  • The Pass-Through Deduction
  • Interest
  • Start-Up Expenses
  • The Home Office Deduction
  • Car and Local Transportation Expenses
  • Travel Expenses
  • Hiring Help
  • Casualty and Theft Losses
  • Additional Deductions
  • Deducting Rental Losses
  • Recordkeeping and Accounting
  • All About Schedule E
  • The Net Investment Income Tax
Objectives
  • To recognize which taxes a landlord may be required to pay
  • To identify the various types of business entities used by landlords
  • To identify what is required for a landlord to qualify as a business
  • To recall expenses that are deductible by landlords
  • To recognize the proper tax treatment for repairs and improvements
  • To recall safe harbors available to landlords for expense deductibility
  • To identify the basics for depreciation
  • To recall limits of bonus depreciation and Section 179 expensing
  • To identify ways for landlords to maximize their depreciation
  • To recall the requirements of the pass-through deduction
  • To recognize what interest expenses are deductible
  • To identify what start-up expenses are deductible
  • To recognize the requirements for the home office deduction
  • To identify how to calculate the simplified home office deduction
  • To recall what car and transportation expenses are deductible
  • To recognize what travel expenses are deductible
  • To recognize what payroll expenses are deductible
  • To identify the tax implications of hiring independent contractors and employees
  • To recall the limitations related to the casualty and theft deduction
  • To recognize how casualty gains are taxed
  • To identify the deductibility limits for various expenses incurred by landlords
  • To identify limits for deducting rental losses
  • To recognize the requirements to qualify for the $25,000 offset
  • To recall the benefits of the real estate professional exemption
  • To recall recordkeeping requirements for landlords
  • To recognize items included on Schedule E for landlords
  • To recall how the net investment income tax is calculated

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