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Introduction to Schedule E


Schedule E (Form 1040) is for reporting residential rental income and expenses, as well as pass-through items from S corporations, partnerships and trusts. This course gives tax professionals a basic understanding of Schedule E.


Upon completion of this course, you will be able to:

  • Identify passive loss limitations and exceptions.
  • Determine eligibility for the special $25,000 loss allowance.
  • Recognize who meets the qualifications to be a real estate professional.
  • Interpret the treatment of current and suspended passive losses upon disposition of passive activity.
  • Apply the vacation home rules.
  • Identify the type of activities reported on Schedule E.
  • Identify and report rental income and allowable rental expenses.
  • Determine the depreciable basis of property used in a rental activity.
  • Interpret the information provided on a Schedule K-1 and enter the information appropriately on Schedule E.

Course Details

This course includes an e-book. CPE is issued after exam is successfully completed.


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