This highly-rated course boasts a 4.4-star-star rating from 33 reviews and has successfully guided 14,090 students in mastering Taxes skills. Featuring 16 hour(s) 30 minute(s) of expert-led content delivered in English, this course offers thorough training to enhance your Social Science expertise. The course details were last updated on December 24, 2024. This coupon code is brought to you by Anonymous.
- Expired on February 17, 2025
- Last Update: February 16, 2025
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Price:
19.99 $0 $
About This Course
This course will focus on tax preparation related to rental real property.
We will look at each new concept from multiple angles, starting with a presentation discussing the topic and then looking at examples to better understand the concepts in action.
The example section will use tax forms to work problems and an accounting equation method using Excel so learners will understand the impact on the actual tax return and visualize the concepts using a tax formula.
We will start with an introduction to residential rental property and go over what’s new.
Learners will understand what constitutes rental income and expenses for a situation where there is no personal use of the dwelling. We will understand when to deduct and what the most common deductions are.
Learners will understand the concept of points and the tax implications.
The course will discuss the concept of depreciation, providing examples using tax forms and worksheets to solidify the information.
We will discuss the concept of basis and how it is calculated. Learners will understand what rental property can be depreciated and well as when depreciation should begin and end. The course will outline depreciation methods and how to determine the proper one for a particular situation.
We will also discuss reporting rental income, expenses, and losses. Learners will know which forms to use. The course will cover Schedule E and provide example presentations demonstrating the form.
We will also discuss loss limitation rules.
