Surgent's Tax Aspects of Home Offices and Vacation Homes

Objectives:

• Distinguish a pure residence from a mixed-use residence and how §280A applies
• Discuss the application of §280A to a vacation home that is also rented out during part of the year
• Identify the issues related to the use of the residence as a home office

Major Topics:

• Mixed use of a residence: how deductions are limited in rental situations
• Home office: qualification and calculation
• Strategies and planning for renting a principal residence instead of selling it
• Why buying a vacation home can be a very smart investment
• Should you rent or use your vacation home? Opportunities and pitfalls
• Rules for using like-kind exchanges on principal residences and vacation homes
• Understanding the tax rules for acquisition indebtedness and home equity indebtedness
• Maximizing your interest expense deduction in light of limitations in the tax code

Designed For:

CPAs who wish to assist clients with the home office deduction and/or vacation home issues

Prerequisite:

A basic course in individual income tax and in tax return preparation

Additional Info:

You will receive an email from info@surgent.com with instructions on how to log onto your course shortly.  If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email info@surgent.com. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.