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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: April 2022


Webinar Instructor: Tom O’Saben

Tom O’Saben has been an instructor for the Tax School since 2009 and joined the Tax School team full-time as Assistant Director, Professional Education and Outreach in 2019. He has also been a presenter with the National Association of Tax Professionals, where he served as a Training Specialist developing curriculum, writing textbooks, and instructing at educational seminars. Tom’s practice, established in 1991, provides tax services for approximately 1,000 clients. Tom earned his bachelor’s degree from Southern Illinois University Edwardsville. He is an enrolled agent (EA).