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Rental Property with Deep Dive Short-Term Rental

A.J. Reynolds, EA President, ABC Bookkeeping & Tax Svcs Inc.

Short-term rentals continue to blur the line between passive real estate and active business income, creating compliance risks and planning opportunities. This session breaks down the tax treatment of vacation homes, related-party rentals and fair rental value (FRV) while clarifying when income belongs on Schedule E versus Schedule C.

Objectives

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

  • Analyze vacation home rules
  • Dissect the tax treatment of short-term rentals
  • Examine related party rentals
  • Define FRV
  • Distinguish between Schedule E and C

CPE

Governing body CPE credits Designation Field of study
IRS 2 AFSP Federal Tax Law Topic
IRS 2 EA Federal Tax Law Topic
NASBA 2 CPA Taxes
CTEC 2 CRTP Federal Tax Law Topic
CFP Board 2 CFP® N/A

Details

Duration: 100 minutes
Course level: Intermediate
Prerequisite:  Basic understanding of rental property tax rules
Advanced preparation: None
Delivery method: Group Live

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