Description
Course Overview
Converting a personal residence into rental property introduces important tax considerations involving depreciation, basis calculations, and passive activity limitations. This Nano Learning course examines these rules and how the conversion may affect the Section 121 home sale exclusion.
Explore additional topics in our Nano Learning course collection.
What You'll Learn
Recognize how depreciation basis and Section 121 rules apply when a personal residence is converted into rental property.
Who This Course Is For
Tax and accounting professionals advising homeowners, real estate investors, relocating employees, or clients converting personal-use property into rental property.
Course Details
|
Program Level |
Basic |
|
Prerequisites |
No |
|
Advanced Preparation |
None |
|
Field of Study |
Taxes |
|
Credit Hours |
0.2 CPE |
|
Delivery Method |
Nano Learning |
|
CPE Eligibility |
CPAs |
|
Refund Policy |
For refund, complaint, or cancellation policies, contact our office at 1-800-384-1101. |
CountingWorks, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

