Rental Properties, with Deep Dive into Short-term Rentals

This webinar is part of Tax Practice Pro's "Taxation of Real Estate Series"

We have several exciting webinars offering more than 23 IRS CE/23 NASBA CPE credits throughout the month. Use the link below to see our full line-up and new special punch pass pricing.

In addition to having rental properties or renting vacation homes, more and more taxpayers are renting their homes through VRBO, Airbnb and other online platforms. In this session you'll learn which form to properly report rentals on, either Schedule E (Form 1040), Supplemental Income and Loss, Page 1, or Schedule C (Form 1040), Profit or Loss from Business. Furthermore, you'll learn proper depreciation methods, converting Personal Residence to a rental and renting to related parties. Finally, we will explore Short-term rentals and related tax consequences. Join us for this must attend session to assist you in handling unique situations of rental properties.

Learning Objectives

- Understand related terms and definitions
- Knowledge of 14 or 10% rule
- Analysis of Vacation Home Rules under IRC Section 280A
- Examine Renting to related parties at Fair Rental Value {FRV} and below FRV
- Explore IRS and Tax Court Rules on Counting days
- Distinguish between Schedule E and Schedule C reporting for rental property
- Determine the allocation of expenses between rental and personal use
- Deep dive into Short-term Rentals
- Inspect Court Cases, Revenue Rulings, and CCAs concerning rental property

2 IRS CE/2 NASBA CPE*

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*Self-Study recording not available for NASBA CPE credit.