Compass Tax Educators

This course delves into more advanced topics related to rental real estate activities. The unique tax aspects of short-term and medium-term rentals is discussed, including when the income may be subject to self-employment tax. Additional topics of focus include cost segregation studies, real estate professional status, the §469 grouping election, and complex interactions between the §121 exclusion and rental activities.

Learning Objectives

• Describe the tax characteristics of short-term rental activities.
• Explain the real estate professional exception to the §469 passive loss limitations.
• Describe the tax consequences and potential tax savings from doing a cost segregation study on rental real estate.
• Explain the requirements for two activities to be grouped under §469.

Education Information
IRS Program Number: NMVBP-T-00272-24-S
Length: 100 minutes plus optional question-and-answer session (no CE)
Prerequisite: None
Advanced Preparation: Basic understanding of Rental Real Estate Taxation
Program Level: Advanced
Delivery Method: QAS Self-Study (NASBA); On-Demand (IRS)
Field of Study: Taxes (NASBA); Federal Tax Topic/Federal Tax Related Matter (IRS)
Credit hours: 2 NASBA CPE / 2 IRS CE

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Course expires one year after purchase.

Instructor: Natalie Kolodij, EA Click here to learn more about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our refund and education policies.