Enroll Course: https://www.udemy.com/course/residential-rental-property-tax-preparation-2021-2022/
Are you a property owner or accountant seeking to deepen your understanding of rental property tax preparation? The Coursera course ‘Residential Rental Property Tax Preparation’ offers an in-depth exploration into the nuances of tax issues related to rental real estate. This course is designed for learners who want to grasp both fundamental concepts and advanced topics, such as depreciation, basis, and tax implications of points.
The course begins with an introduction to residential rental properties, emphasizing what’s new in tax regulations. It then delves into rental income and expenses, clarifying what can be deducted when there is no personal use of the property. One standout feature is the practical approach—a combination of presentations, real-world examples using tax forms, and Excel-based exercises employing the accounting equation method. These methods help visualize how rental income impacts the overall tax return.
A key component is the detailed discussion on depreciation. Learners learn how to calculate depreciation, understand eligible property types, and choose the appropriate depreciation method. The course also covers the concept of basis, loss reporting, and how to navigate loss limitations effectively.
Importantly, the course provides hands-on guidance on reporting rental income and expenses, highlighting the use of Schedule E with concrete examples. This helps learners feel confident in handling real tax scenarios.
Overall, this course is highly recommended for anyone involved in rental property management or tax preparation. Its practical, example-driven approach ensures that learners not only understand the concepts but also can apply them confidently in real-world situations. Whether you’re preparing your own taxes or working as a professional, this course will enhance your tax knowledge and improve your efficiency in handling rental property issues.
Enroll Course: https://www.udemy.com/course/residential-rental-property-tax-preparation-2021-2022/