Rental Properties with Emphasis on Short-term (Completed)

Date: Friday, April 26, 2024
Instructor: A.J. Reynolds
Begin Time:  11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for OTRPs
2 hours Federal Tax Law for CTEC

NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card

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.

Who Should Attend
Tax professionals who have clients with rental properties.

Topics Covered

  • Related Terms & Definitions
  • Knowledge of 14 day or 10% Rule
  • Which Schedule does your Rental go on
  • Related Party issues
  • IRC § 280A
  • IRS and Case Law Guidance

Learning Objectives

  • Properly handle unique situations relating to Rental Properties
  • Distinguish between Schedule E & Schedule C reporting for rental property
  • Define Short-term Rentals


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

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