Webinar: Self-Rental Real Estate: Passive Activity and Section 199A

December 22, 2020 from 2:00 pm – 3:50 pm EST

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..

Learning Objectives: To provide a working knowledge of the passive activity and flow-through entity rules for "self-rental property" and show how these situations should be reported on various tax forms.

Program Content:

• Definition of self-rental property
• 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
• Several real-life situations illustrate the various possibilities and discuss the consequences of failing to comply with the reporting standards
• Self-rental property and "former passive activities" rules

Who should attend: CPAs working in public accounting and members in industry.

Program Level: Intermediate

Developed By: Federal Tax Workshops, Inc

Instructor: Steven C. Dilley, CPA, JD, PhD

CPE Credit: 2 hours

Field of Study: Taxation

Prerequisites: Basic working knowledge of tax preparation.

Advanced Preparation: None