Self-Rental Real Estate Passive Activity Rules

Overview

This program presents a detailed analysis of the self-rental passive activity rules, including forms reporting examples and integrates them with the flow-through entity rules related to self-rental. 

*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

Objectives

• Identify the passive activity and flow-through entity rules for "self-rental property"
• Apply rules in reporting self-rental property 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
• Real-life situations illustrate the various possibilities and discuss the consequences of failing to comply with the reporting standards