Rental Income and Expenses – 2017 Law – Self-Study (No Videos)
Special rules govern reporting of rental income and expenses on Schedule E. This course covers the types of income which are reported on Schedule E, as well as what expenses are deductible and how they should be reported.
- Definition of rental income
- Rental and personal use rules
- Line-by-line discussion of rules applying to deducting expenses on Schedule E
- Depreciation rules
- Rules for dividing expenses when there is partial rental of property held for personal use
- Personal use of vacation home or dwelling unit
- Tax court method for allocation of mortgage interest and real estate taxes
- Rental of personal property
At the conclusion of this course you should be able to:
- Prepare Schedule E Supplemental Income and Loss
- Distinguish between deductible and nondeductible rental expenses
- Determine if form 1099-MISC should be issued by a landlord
- Identify the number of fair rental days a property was rented
- Identify when Form 4562 must be completed with respect to a rental property
- Allocate expenses between personal and rental use with respect to shared use of a rental property between landlord and tenant
- Describe the difference between the “Tax Court” method and the “IRS Method” for dividing expenses between rental and personal use of a vacation rental dwelling
- Determine if any rental losses are deductible under the active participation rules
- Describe how to report income and expenses for casual rental of personal property
Self-Study (No Videos)
2017 Tax Law
Ends: Saturday, July 31, 2021 11:59 PM (PST)
Started: Tuesday, November 13th, 2018 11:59 PM (PST)
Ends: Sunday, July 31, 2022 11:59 PM (PST)
|IRS (Federal Tax Law)||4 Hours|
|Oregon Tax Board||4 Hours|
Field of Study
Basic tax knowledge
Self-study (No Videos)
IRS Federal Program Number
Meet Your Instructor
April Gutierrez, Enrolled Agent:
Known for her entertaining speaking style and ability to make a complex subject easy to understand, April is frequently invited to speak to business groups and news media on tax-related topics. She has a B.A. in Communication Studies from Murdoch University in Perth, Australia. She obtained her Oregon LTC in 1995.April resides in Portland, Oregon, with her husband Jess and their two sons. Her pastimes include gardening, travel, and playtime with her Arabian horse, Fancy.
Any Time, Anywhere
Our online Learning Management System (LMS), offers you the flexibility to study at your own pace while still enjoying many of the benefits of a live classroom.
- Watch lecture video recordings of live instructor-led classes.
- Break to complete classwork and quiz assignments as instructed.
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Pacific Northwest Tax School’s course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students taking continuing education courses shall have twelve months from date of enrollment to successfully complete the course and receive their Certificate of Completion. Students taking the federal only portion or the Oregon 80 Hour Basic Tax Course students have nine months from the date of enrollment to sucessfully complete the course.
Basic Tax Law
Students taking any Basic Tax Law course, agree to comply with all Terms of Enrollment outlined the enrollment agreement form for that course, a link to which can be found on the catalog page for each Basic Tax course.
Prerequisites & Advance Preparation
Students intending to write the Oregon State Tax Exam, must be at least 18 years of age, and have High School Diploma or GED. Students using our self-paced internet based program should prepare for classes by downloading and printing course materials. For more information including detailed course descriptions and learning objectives, view the details of each course, located on Pacific Northwest Tax School’s catalog pages at: https://www.pnwtaxschool.com/list-of-all-courses/
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