DESCRIPTION
This module presents topics for discussion that are common to the tax preparation of sole proprietorships and rental properties.
LEARNING OBJECTIVES
- Identify tax laws for the treatment of health care expenses for sole proprietors.
- Calculate a home office deduction.
- Identify rules related to the tax treatment of hobbies.
- Identify the effect of personal use of a rental property.
- Describe the safe harbor election for rentals (250-hour rule).
