About
This advanced IRS CE course equips tax professionals (CPAs, EAs) with the necessary expertise for Short-Term Rentals (STRs). You'll Master: Classification: Distinguishing between Schedule C (Active Business) and Schedule E (Passive) based on the average stay (7-day rule) and services. Loss Deduction: Utilizing the STR Loophole to achieve Non-Passive Status and deduct major paper losses (like Bonus Depreciation and Cost Segregation) against W-2 income. Compliance: Meeting strict Material Participation rules and mastering contemporaneous time logs and documentation required for accurate reporting. Goal: Provide actionable, high-level tax planning to maximize STR benefits for clients.
You can also join this program via the mobile app. Go to the app