Rental Activities & Passive Limits - 2 Hours CPE
Rental Activities & Passive Limits - 2 Hours CPE
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Description
Learn the tax rules for rental activities, passive losses, material participation, and depreciation.
Learning Objective: In a course on rental activities and passive activity limitations, a student learns how to classify rental vs. nonrental activity (including the 15 day rule, the 7 and 30 day short term rules and the Augusta Rule), how to apply material participation tests and the real estate professional exception, and when the special $25,000 active participation allowance (and its phaseout) can offset nonpassive income. The curriculum covers practical grouping/aggregation elections, the self rental rule, related party and room/short term/foreign rental issues, and conversion rules when a home becomes rental property. Students also study deductible vs. capitalized costs, depreciation (bonus and Sec. 179), recapture and Sec. 1250 consequences, passive credits and NII exposure, carryforwards of passive losses and other tax attributes, information reporting obligations, and planning/documentation steps a preparer should use to compute, substantiate, and optimize rental activity tax results.
| CPE Hours: | Federal Taxation = 2 CPE Credits/ Total = 2 CPE Credits |
| Accreditation: | CTEC, IRS, Enrolled Agents, NASBA CPA |
| Field of Study: | Federal Taxation |
| Publication Date: | 5/04/2026 |
| Instructional Delivery Method: | Self-Study |
| Level: | Intermediate |
| Prerequisites: | None |
| Advanced Preparation: | No Advanced Preparation Required |
| Author: | Lee Reams, Sr., BSME, EA |
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Course Material: A copy of the course material is available for download under the Additional References tab. Refund Policy: Your complete satisfaction is our #1 priority. At CountingWorks, Inc., we do whatever it takes to make sure your expectations are met on every order we complete. We back all of our products with a 10-day no-hassle money-back guarantee. For information regarding refunds, complaints, and program cancellation policies, please contact our Customer Service Department at 1-800-384-1101 Certified Public Accountants: 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. CountingWorks, Inc. is an approved provider for IRS, NASBA QAS and CTEC providing continuing education for CPAs, EAs, IRS and CRTPs. Registration: Sign-up online by clicking add to cart above or by phone at 1-800-384-1101 |