Schedule E: The E Doesn't Stand for Easy
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Learn How to Overcome the Problems and Pitfalls of Filing Schedule E for Clients
Schedule E is used to report certain supplemental income and loss. Whether it's gathering information to report rental or royalty income on page 1, determining whether passive limitations apply, or integrating K-1 information on page 2, the "E" definitely does not stand for "Easy." To prepare a diligent return, there are a number of questions you need to ask your client. This practical program looks at 10 key issues frequently encountered in preparing Schedule E — and offers best practice advice on how to handle the complexities.
Join nationally recognized tax practitioner, instructor and commentator, Claudia Hill, EA, M.B.A., in this timely and informative two-hour online CPE seminar as she discusses the details of properly filing Schedule E. Ms. Hill's seasoned, real-world guidance will benefit all tax practitioners whose clients have activities that lead to Schedule E reporting.
Speaker: Claudia Hill
Program Topics
- Not reporting or under-reporting rental income
- Management expenses and other inappropriate deductions
- Deducting rental property losses in excess of the limits
- Deducting rental losses for real estate professionals who don't meet the exception
- Incorrectly categorizing vacation home rentals
- Reporting book or software royalties
- Loss deductions from general partnership without material participation
- Reporting partnership distributions and other amounts from Schedule K-1
- Not limiting publicly traded partnership losses to the specific PTP creating the losses
- Not releasing suspended passive losses when the property is sold
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