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Form 1040 - Rental and Pass-Through Income  

CATEGORY: Taxation
Online & Mobile, Download
1 CPE Credits

This program focuses on Schedule E of Form 1040, which is used to report gross income and allowable deductions for royalty activities, real estate rentals, and certain items flowing from partnerships, S corporations, and estates and trusts to the individual partners, shareholders, and beneficiaries on their respective Schedule K-1 forms. Rules regarding basis, at-risk amounts, and passive activity loss limitations generally apply to rental activities and partnership items reported on Schedule E. Requirements for qualification as a real estate professional are explored along with the necessary substantiation requirements. This course is updated to reflect legislative changes included in the Tax Cuts and Jobs Act of 2017 (TCJA) signed into law by the President on December 22, 2017.

 This course is most appropriate for the professional with detailed knowledge in Form 1040 who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.

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