- NY Credits : 2.0
- TX Credits : 2.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 2.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 2.0
Rentals are no longer considered a tax shelter but they can present great financial opportunities when done properly. However, the tax rules for reporting rental activities are nothing short of chaotic.
In some situations it is not necessary to report rental income at all. For other taxpayers there are complicated rules surrounding the limitations of deductions and suspension of rental losses. There may be opportunities to restructure in order to avoid the suspension of a rental loss. In some circumstances it may be prudent to dispose of a rental property in order to free up a loss.
Recent tax law changes provide some beneficial treatment for repair and maintenance expenses incurred in connection with rental activities.
Instructor: Tony Johnson, CPA
Instructor assignments are fluid and subject to change.
NOTE: The voluntary IRS Annual Filing Season Program (AFSP) requires that CE Sponsors collect PTINs from IRS professionals who wish to receive IRS credit. IRS PTIN holders (including Enrolled Agents) should enter their IRS PTIN into Checkpoint Learning so that course completions can be reported to the IRS. You do not need to enter your PTIN for each course you take; you only need to add it once. If you have any questions on how to do this, please contact us 800-431-9025.
THIS WEBINAR IS NOT ELIGIBLE FOR CTEC CREDIT.
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