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Schedule E Activities: What, Where, Who, and When


Taxpayers report income or loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in real estate mortgage investment conduits on Schedule E. This self‐study course covers the various types of rental real estate income, as well as tax implications for items such as personal‐use days, limitations on business interest, basis for depreciation, and the qualified business income deduction. Material and active participation rules, which may limit the amount of losses deductible by an investor in a pass‐through entity, are discussed. The qualified joint venture (QJV) election and its benefits are covered. Clarifying when items are reported on Schedule E versus Schedule C is an important discussion topic included in this course. Finally, the course examines the importance of accurate basis reporting by S corporation shareholders involved in rental real estate activities.


Last reviewed for accuracy: October 2023


Webinar Instructor: Tom O’Saben

Tom O’Saben, EA, was Assistant Director, Professional Education and Outreach, at Tax School from 2019 to 2022, and an instructor for Tax School from 2005 to 2008 and 2011 to 2022. He has presented tax-related instruction for various organizations throughout the country since 2003. Tom has been a tax practitioner since 1991 and earned his bachelor’s degree from Southern Illinois University Edwardsville.

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