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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