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Tax Preparation 2021-2022 Part 6: Residential Rental Property
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1 STUDENTS
7h 7m

Learn tax preparation for rental properties, what constitutes rental income and expenses, and the concept of depreciation.

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Course Skill Level
Beginner
Time Estimate
7h 7m

Instructor

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


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About This Course

Who this course is for:

  • Accountants
  • Rental property owners

What you’ll learn:

  • Rental income, expenses, and losses
  • The concept of depreciation

Requirements:

  • No prior knowledge is required to take this course

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

We will look at each new concept from multiple angles, starting with a presentation discussing the topic and then looking at examples to better understand the concepts in action.

The example section will use tax forms to work problems and an accounting equation method using Excel so learners will understand the impact on the actual tax return and visualize the concepts using a tax formula.

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

Learners will understand what constitutes rental income and expenses for a situation where there is no personal use of the dwelling. We will understand when to deduct and what the most common deductions are.

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

The course will discuss the concept of depreciation, providing examples using tax forms and worksheets to solidify the information.

We will discuss the concept of basis and how it is calculated. Learners will understand what rental property can be depreciated and well as when depreciation should begin and end. The course will outline depreciation methods and how to determine the proper one for a particular situation.

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

We will also discuss loss limitation rules.

Our Promise to You
By the end of this course, you will have learned how to calculate tax for residential rental properties.

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.

Get started today!

Course Curriculum

Section 1 - Introduction And What’s New
What’s New 00:00:00
Introduction 00:00:00
Section 2 - Rental Income And Expenses
Rental Income And Expenses Part 1 00:00:00
Rental Income And Expenses Part 2 00:00:00
Rental Income And Expenses Part 3 00:00:00
Rental Income And Expenses Software Example 00:00:00
Section 3 - Depreciation Of Rental Property
Depreciation Of Rental Property Part 1 00:00:00
Depreciation Of Rental Property Part 2 00:00:00
Depreciation Of Rental Property Part 3 00:00:00
Depreciation Of Rental Property Part 4 00:00:00
Depreciation Of Rental Property Part 5 00:00:00
Depreciation Of Rental Property Part 6 00:00:00
Depreciation Of Rental Property Software Example 00:00:00
Section 4 - Reporting Rental Income, Expenses, And Losses
Reporting Rental Income, Expenses, And Losses Part 1 00:00:00
Reporting Rental Income, Expenses, And Losses Part 2 00:00:00
Reporting Rental Income, Expenses, And Losses Part 3 00:00:00
Reporting Rental Income, Expenses, And Losses Software Example 00:00:00
Section 5 - Special Situations
Special Situations Part 1 00:00:00
Special Situations Part 2 00:00:00
Special Situations Software Example 00:00:00
Section 6 - Personal Use Of Dwelling Unit
Personal Use of Dwelling Unit (Including Vacation Home) Part 1 00:00:00
Personal Use of Dwelling Unit (Including Vacation Home) Part 2 00:00:00
Personal Use of Dwelling Unit (Including Vacation Home) Software Example 00:00:00