Rental Properties with Emphasis on Short-Term
Author: A.J. Reynolds
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
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 course 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 course to assist you in handling unique situations of rental properties.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2029 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
Publication Date: April 2026
Designed For
Tax professionals who have clients with rental properties.
Topics Covered
- Related Terms & Definitions
- Knowledge of 14 day or 10% Rule
- Basics of Rental Rules
- Vacation Home Rules
- Renting to Relatives
- Counting Days and Ordering Rules
- Depreciation
- Personal Home Converted to Rental
- Sale of Personal Residence
- Schedule E or C
- Short-term Rentals
- CCA 202151005
- Substantial Services
- Hotels, Motels, and Inns
- Bed and Breakfasts
- Court Cases
Learning Objectives
- Explain how to handle unique tax situations for rental properties accurately and confidently
- Distinguish between Schedule E and Schedule C reporting for rental property income
- Identify short-term rental arrangements and apply correct tax treatment
- Determine taxable rental income when a property is rented for fewer than 14 days in a year
- Identify the correct schedule for short-term rentals where no substantial services are provided
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
