Self-Rental Passive Activity: When Does it Exist and How Do You Report It Webinar

To provide a working knowledge of the passive activity rules for "self-rental property" and show how these situations should be reported on various tax forms.
Highlights

• Definition of self-rental property.
• Self-rental income from directly owned properties and reporting on Form 1040, Schedule E, page 1.
• Self-rental income from indirectly owned (partnerships, S corporations) and reporting on Form 1040, Schedule E, page 2.
• Self-rental property and the Form 8582 (passive activity).
• Several real-life situations illustrate the various possibilities and discuss the consequences of failing to comply with the reporting standards.
• Self-rental property and "former passive activities" rules.