Don Farmer's Rental Property

Overview

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Rental real estate continues to offer significant tax planning opportunities, but navigating the complex rules governing rental activities requires a thorough understanding of income reporting, deductions, depreciation, passive activity limitations, and property dispositions. In this practical course, tax educator Don Farmer examines the key tax concepts and strategies associated with owning, operating, and disposing of rental properties. 

Participants will gain a comprehensive understanding of how rental real estate activities are taxed, including the treatment of rental income and expenses, depreciation methods, at-risk and passive activity rules, qualified business income considerations, and critical recordkeeping requirements. The course also explores tax planning opportunities available to rental property owners, common compliance challenges, and strategies for maximizing after-tax returns while maintaining compliance with current tax law. 

Through real-world examples and case studies, attendees will learn how to identify tax-saving opportunities, avoid common reporting errors, and confidently advise clients and stakeholders on rental property taxation issues.

Highlights

• Federal tax treatment of rental real estate activities  
• Reporting rental income and deductible expenses  
• Depreciation methods, recovery periods, and cost recovery strategies  
• Repairs versus capital improvements  
• Passive activity loss rules and exceptions  
• At-risk limitations and participation requirements  
• Qualified Business Income (QBI) considerations for rental activities  
• Recordkeeping and documentation requirements  
• Tax planning strategies for rental property owners  
• Like-kind exchange considerations and related planning opportunities  
• Sale, disposition, and depreciation recapture rules  
• Federal tax treatment of rental real estate activities  
• Reporting rental income and deductible expenses  
• Depreciation methods, recovery periods, and cost recovery strategies  
• Repairs versus capital improvements  
• Passive activity loss rules and exceptions 

Prerequisites

None

Designed For

CPAs, tax practitioners, enrolled agents, accountants, controllers, financial advisors, real estate professionals, and other finance professionals who advise clients or organizations on rental property taxation and planning.

Objectives

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

• Identify the federal tax rules applicable to rental real estate activities.  
• Determine the proper treatment of rental income, expenses, and depreciation deductions.  
• Recognize the impact of passive activity loss limitations and at-risk rules on rental property owners.  
• Evaluate tax planning opportunities available to rental real estate investors.  
• Distinguish between repairs, maintenance expenses, and capital improvements.  
• Analyze the tax consequences associated with the sale or disposition of rental property.  
• Apply best practices for recordkeeping and compliance related to rental real estate activities.

Preparation

None