Passive Activities: Becoming a Tax Ninja Part 3
Author: Greg White
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Join expert Greg White, CPA, as he walks you through the latest techniques for minimizing the impact of the passive activity rules. We’ll take a deep dive into rental real estate, including the special rules that apply to rental real estate (the “automatically passive” rule). We’ll also explore the exceptions to the “automatically passive” treatment, including real estate professionals, short-term rentals, active participation (for moderate income taxpayers) and self-rentals.
We’ll also cover what it takes to be a “real estate professional” and whether your clients should make the election to “aggregate” rental properties.
Publication Date: October 2023
Topics Covered
- Special passive activity rules that apply to rental real estate
- Exceptions for real estate professionals and short-term rentals
- Aggregation of the rentals of a real estate professional
Learning Objectives
- Identify the special passive activities rules that apply to rental real estate
- Identify common types of real estate professionals
- Identify the special rules that apply to short-term rentals (like Airbnbs)
- Recognize how to compute the loss available under the active participation rule
- Identify the material participation test that often works if you aggregate activities
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
