Self-Rental Real Estate Passive Activity Rules

This program presents a detailed analysis of the self-rental passive activity rules, including forms reporting examples and integrates them with the flow-through entity rules related to self-rental.

*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com

Learning Objectives

Identify the passive activity and flow-through entity rules for "self-rental property"
Apply rules in reporting self-rental property on various tax forms

Major Topics

- Definition of self-rental property
- both for Sections 199A and 469
- Self-rental income from directly owned properties and reporting on Form 1040, Schedule E, page 1
- Self-rental income from indirectly owned (partnerships, S corporations) and reporting on Form 1040, Schedule E, page 2
- Self-rental property and the Form 8582 (passive activity)
- Self-rental property and the flow-through entity grouping election
- Real-life situations illustrate the various possibilities and discuss the consequences of failing to comply with the reporting standards

CPE Credits Available

2 CPE

2: Taxation

Things to Know About This Course

Course Level

Intermediate

Prerequisites

Basic working knowledge of business taxation and passive activity rules

Advanced Preparation

None

Intended Audience

CPAs in public practice and members in industry

Provider

ACPEN

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