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Tax Preparation 2022-2023 Part 6 - Residential Rental Property
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1 STUDENTS
7h 56m

Prepare taxes on residential rental property with real-world scenarios using tax forms and an accounting equation method in Excel. Learn now!

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Course Skill Level
Beginner
Time Estimate
7h 56m

Instructor

Robert (Bob) Steele CPA, CGMA, M.S. Tax, CPI

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About This Course

Who this course is for:

  • Tax preparers
  • Bookkeepers
  • Accountants
  • Residential owners renting out properties

What you’ll learn: 

  • Rental property taxes

Requirements: 

  • No prior knowledge is required to take this course

This course will focus on tax preparation related to rental real property.

We’ll explore each new concept from multiple angles, beginning with a presentation followed by real-world examples that bring the concepts to life.

Reinforce your understanding by applying the concepts to real-world scenarios using tax forms and an accounting equation method in Excel. Visualize the impact on your tax return through practical exercises and tax formulas.

We will start with an introduction to residential rental property and go over what’s new and the latest developments.

Learners will understand the intricacies of rental income and expenses for properties exclusively used for rental purposes. Also what the most common deductions are and when to deduct them.

Learners will understand the concept of points and the tax implications.

Understand the various concepts of depreciation, by using example tax forms and worksheets to validate the information.

We will delve into the concept of basis and how it is calculated. Understand what rental property can be depreciated as well as when depreciation should begin and end. Learn depreciation methods and determine the appropriate one for a certain situation.

We will also tackle reporting rental income, expenses, and losses, and know which forms to use. The course will discuss Schedule E and provide example presentations demonstrating the form.

We will also discuss loss limitation rules.

Learn the complete series, and other accounting and finance courses, visit my profile to know more!

Our Promise to You

By the end of this course, you will have learned residential rental property tax.

10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.

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Course Curriculum

Section 1 - Introduction And What's New
9010 Residential Rental Property Introduction 00:00:00
Resources – Tax Preparation Part 6 Residential Rental Property 00:00:00
Section 2 - Rental Income And Expenses
9030 Rental Income And Expenses (If No Personal Use Of Dwelling) Part 1 00:00:00
9032 Rental Income And Expenses (If No Personal Use Of Dwelling) Part 2 00:00:00
9042 Rental Income And Expenses (If No Personal Use Of Dwelling) Example 00:00:00
Section 3 - Depreciation Of Rental Property
9060 Depreciation Of Rental Property – Basics Part 1 00:00:00
9062 Depreciation Of Rental Property – Basics Part 2 00:00:00
9067 Depreciation Of Rental Property – MACRS And Special Depreciation Part 1 00:00:00
9068 Depreciation Of Rental Property – MACRS And Special Depreciation Part 2 00:00:00
Section 4 - Reporting Rental Income, Expenses, And Losses
9115 Depreciation Of Rental Property Example 00:00:00
9150 Reporting Rental Income, Expenses, And Losses – Overview 00:00:00
9152 Reporting Rental Income, Expenses, And Losses – Limits On Rental Losses 00:00:00
9153 Reporting Rental Income, Expenses, And Losses – Casualties And Thefts 00:00:00
9155 Reporting Rental Income, Expenses, And Losses – Limits On Rental Losses Example 00:00:00
9200 Rental Property – Condominiums, Cooperatives, And Property Changed To Rental Use 00:00:00
9204 Rental Property – Not Rented for Profit, And Example Of Change To Rental Use 00:00:00
9215 Rental Property – Renting Part Of Property And Change To Rental Use Example 00:00:00
Section 5 - Special Situations
9300 Rental Property – Personal Use – Dividing Expenses 00:00:00
9302 Rental Property – Personal Use – Dwelling Unit Used As A Home And Reporting Income And Deductions 00:00:00
9310 Personal Use of Dwelling Unit (Including Vacation Home) Example 00:00:00
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