Residential Rental Property Tax Preparation 2022-2023
Learn income tax preparation related to rental property form a certified public accountant (CPA)What you'll learn
- Explain what is new for the current year
- Discuss what is included in rental income
- Describe when to report rental income
- Explain accounting methods
- Describe common rental expenses or deductions
- Discuss how personal use of property can impact the amount of expenses to report
- Explain what depreciation is and how it applies to rental property
- Discuss what rental property can and cannot be depreciated
- Describe limitations on rental losses, at-risk rules, and passive activity limits