Preparing Taxes for Real Estate Professionals On-Demand webinar
Many taxpayers took advantage of the current housing market to venture into owning real estate. However, to be classified as a real estate professional by the IRS, one must pass the yearly qualification tests. This course will identify the required factors to be considered as a real estate professional, and how to apply special active participation, material participation and passive activity rules.
Upon completion of this course, you will be able to:
- Identify when an individual is classified as a real estate professional
- Summarize the pros and cons of grouping rental activities
- Identify the special active and material participation rules relating to the real estate professional
- Summarize the passive actively rules as they relate to real estate professionals and taxpayers who do not qualify as a real estate professional
This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.
Becky Van Dort, EA