This program presents a detailed analysis of the self-rental passive activity rules, including forms reporting examples, and integrates them with the Section 199A, flow-through entity rules related to self-rental.
Definition of self-rental property, both 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. 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.
Basic working knowledge of real estate taxation.
CPAs in public practice and members in industry.
Demonstrate a working knowledge of the passive activity and flow-through entity rules for “self-rental property”. Show how these situations should be reported on various tax forms.
Steve Dilley is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 35 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on these topics.
In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting. He was nominated in 2004 for the “Educator of the Year Award” and received the 2005 “Distinguished Achievement in Accounting Education Award” in Michigan. He also received the 2007 MSU Accounting and Information Systems Department Outstanding Teacher Award.
He obtained his PhD in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.
Non-Member Price $99.00
Member Price $79.00