Description
Upon completion of this seminar, students will be able to process client rental data and then report rental income and classify deductible rental expenses. Students will be able to differentiate between repairs and improvements to rental property. The rental of vacation homes and partial personal use homes will be discussed. Passive activity loss limits will be examined as well as the rules for reporting sales of rental property. Other types of supplemental income will also be identified, such as income from royalties and partnerships. New lecture video reinforces concepts! Topic: Rental of Vacation Homes and Other Dwelling Units IRS #EEZ75-T-00513-24-S CTEC #1071-CE-3239 NASBA #103388