2024 Self-Rental Real Estate Passive Activity Rules
Total Credits: 2 including 2 Taxes - Technical
- Average Rating:
- 14
- Categories:
- ACPEN Tax Institute | IRS Approved | Tax
- Faculty:
- Steven C. Dilley, CPA, JD, PhD
- Course Levels:
- Intermediate
- Duration:
- 2 Hours
- License:
- Product Setting: Expires 30 day(s) after program date.
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.
Basic Course Information
Learning 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
Major Subjects
- 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
Course Materials
| IMPORTANT_CPE Credit Instructions_Read Before Webcast_Updated_10_16_21 (442.7 KB) | Available after Purchase | ||
| IRS CE Credit Request Form (265.6 KB) | Available after Purchase | ||
| Self-Rental Real Estate Passive Activity Rules Handout (3.8 MB) | Available after Purchase | ||
Faculty
Steven C. Dilley, CPA, JD, PhD Related Seminars and Products
Steven C. Dilley, CPA, JD, PhD is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 36 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 and was nominated in 2004 for the "Educator of the Year 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.
Dates
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Sat, Nov 16, 2024 - 08:00am to 09:53am CST
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Wed, Nov 27, 2024 - 10:00am to 11:53am CST
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Tue, Dec 10, 2024 - 12:00pm to 01:53pm CST
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Thu, Dec 19, 2024 - 06:00pm to 07:53pm CST
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Sat, Dec 28, 2024 - 04:00pm to 05:53pm CST
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Tue, Jan 07, 2025 - 08:00am to 09:53am CST
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Wed, Jan 22, 2025 - 10:00am to 11:53am CST
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Fri, Feb 14, 2025 - 12:00pm to 01:53pm CST
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Wed, Feb 26, 2025 - 02:00pm to 03:53pm CST
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Sat, Mar 15, 2025 - 04:00pm to 05:53pm CDT
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Fri, Mar 28, 2025 - 08:00am to 09:53am CDT
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Fri, Apr 11, 2025 - 10:00am to 11:53am CDT
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Tue, Apr 29, 2025 - 06:00pm to 07:53pm CDT
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Additional Info
Basic Course Information
Prerequisites Basic working knowledge of business taxation and passive activity rulesAdvanced Preparation
None
Designed For CPAs working in public accounting firms and members in industry
Original Recording Date 04/2024
Yellow Book No
Course Developer Federal Tax Workshop
Date Added to Catalog 3/13/24
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).Official Registry Statement Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method Live Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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