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Reporting Rental Real Estate Advanced Tax Issues - San Diego Chapter Virtual Meeting 9.16.21
Thursday, September 16, 2021, 4:00 PM - 6:00 PM PDT
Category: Chapter Meetings

Reporting Rental Real Estate Advanced Tax Issues
San Diego Chapter Virtual Meeting

CSTC members who attend any San Diego Region Chapter meeting in September or October 2021 have access to Early Bird pricing for the 2022 In-Person Running Start Seminar. Attendees will receive the special discount in their post attendee email. Discount is only available to CSTC members.

Date:

Thursday, September 16, 2021
4:00 - 6:00 PM PST

Location:

Online Meeting via Zoom
This will be a Zoom Meeting. Once you register and pay the Zoom link will be provided in your confirmation email for you to log in at the designated meeting time. Zoom does require registration before entering the meeting. 

Description:

This session covers many aspects of rental real estate for tax reporting; average days rental reporting requirements, allocating expenses among co-owners, applying the active participation rules, mixed use properties, vacation rentals, commercial rentals, interest deduction criteria including interest tracing rules, real estate professional qualifications, home office, travel expenses and more. We'll cover the five rental loss limitations; Basis, At Risk, Passive Activity, Excess Business Loss, and the new Business Interest Limitation. We'll also discuss material participation, grouping elections, depreciation and repair regs, QBI Section 162(a) vs the Safe Harbor, elections to capitalize repairs costs and more.  Learn specific criteria for reporting average days rented, mixed use property, Gig rentals & vacation property Determine the allowed interest expense for rentals after refi or other rental loans. Understand five loss limitations; Basis, At Risk, Passives, Excess Business Loss, & Business Interest Limitation. Learn important elections for real estate rentals. Evaluate your client's best options for QBI and determine Section 162(a) vs Safe Harbor for each client.

Speaker:

Jane Ryder, EA, CPA
Jane Ryder has been providing tax preparation, accounting services, and tax collection resolution services since 1980. She runs her San Diego CPA firm and writes and speaks on many income taxes, business compliance, and accounting topics. Jane has a business-centric practice, preparing and consulting on tax, accounting, and compliance matters for Corporations, S-corporations, LLC’s, Partnerships, and Trusts. She also specializes in IRS and state agencies collection problems, payment plans, audit representation, audit appeals, offers in compromise, and other compliance-related issues. She earned a BS in Business Administration (Accounting) from SDSU and is currently licensed with the California State Board of Accountancy and admitted to practice before the Internal Revenue Service as an Enrolled Agent.

CPE Information:

2 Federal Law hours (Topics covering existing tax law)
IRS: 18QC1-T-01562-21-O
CTEC: 1000-CE-4964

Knowledge Level: Advanced (More experienced)

Cost:

Registration Fee (Member): $20
Registration Fee (Non-Member): $50


This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6 (g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812- 2890, or phone CTEC at (877) 850-2832, or on the Internet at www.ctec.org.

Contact: [email protected]