Self-Rental Real Estate: Passive Activity & Section 199A

Overview

This program presents a detailed analysis of the self-rental passive activity rules, including forms reporting examples and integrates them with the flow-through entity rules related to self-rental.

Highlights

• Definition of self-rental property - both for Sections 199A and 469
• Self-rental income from directly owned properties and reporting on Form 1040, Schedule E, page 1
• Self-rental income from indirectly owned (partnerships, S corporations) and reporting on Form 1040, Schedule E, page 2
• Form 8582 (passive activity)
• The flow-through entity grouping election
• Illustrative examples and consequences of failing to comply with the reporting standards
• Self-rental property and "former passive activities" rules

Prerequisites

Basic working knowledge of real estate taxation.

Designed For

CPAs working in public accounting and members in industry.

Objectives

• Apply the passive activity and flow-through entity rules for "self-rental property" and show how these situations should be reported on various tax forms

Preparation

None