2024 Self-Rental Real Estate Passive Activity Rules

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  • Location
    • Your Computer
      Your Space
      ISCPA / ACPEN Webinar, ID 00000
  • Credits
    • 8.00
  • Credit Type(s)
    • Taxes (Technical) (8.00)
  • Prerequisites
    • Basic working knowledge of business taxation and passive activity rules

  • Vendor
    • ACPEN
  • Level
    • Intermediate
  • Fields of Study
    • Taxes
  • Message
    • Virtual Experience

Description

Loans, rental agreements, business combinations – what do these all have in common? They all have the potential of creating a related party transaction.  This program presents a detailed analysis of the financial accounting rules for transactions with related parties, as well as compares and contrasts those rules with the AICPA financial reporting framework for small and medium-sized entities.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.



  • Presented by Arthur Werner

    • Delivery Format: Live Webcast Replay

    Designed For

    CPAs working in public accounting firms and members in industry

    Objectives

    • Identify the passive activity and flow-through entity rules for "self-rental property" and show how these situations should be reported on various tax forms

    Highlights

    • Definition of self-rental property – both for 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

    Advanced Prep

    None

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    Leaders

    ACPEN Panel

    No Biography Available

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