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Section 469 and Beyond: Avoiding the Self-Rental Trap

SECTION 469 AND BEYOND: AVOIDING THE SELF-RENTAL TRAP

Cost Free
Presentation Length 2.0 hours

Recorded DateFebruary 9, 2024
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

Can you rent to yourself? It's a simple question with a complicated answer.

There are several reasons why anyone would want to separate an operating business from the property in which it operates. You have a separation of legal liability, separate accounting, and the possible personal use of business property. This separation creates a sort of fiction where dollars from one pocket go into the other, but for tax purposes, not properly structuring self-rentals can cause headaches and even a knock on the door from the IRS.

In this webinar, we will discuss ways to avoid self-rental traps as we dive into topics like the passive activity loss limitation rules and the Augusta rule.

Learning Objectives:


  • Evaluate section 469 passive activity rules

  • Identify the self-rental exceptions to section 469

  • Recognize when to group activities for sections 469 and 199A purposes

  • Name updates on recent tax court cases limiting the Augusta rule

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Jeremias is a Tax Manager with DDK &Company LLP. Jeremias is also the Editor-in-Chief of The Daily CPA, a blog focusing on tax, accounting and finance topics for young professionals. He enjoys helping his peers in the millennial CPA world break down complex tax tasks into step-by-step processes.

About Our Presenter

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DDK & Company is dedicated to being more than a CPA firm that focuses solely on minimizing taxes, avoiding penalties, and preparing financial statements. We are committed to helping you build and manage your business, as well as take care of your personal financial concerns. We balance our hand holding approach with our promise that you will receive honest, quality and useful advice, which will lead to results worthy of your time and money.