When is a rental activity not a rental activity? Many taxpayers assume that all rental income is treated the same way under U.S. tax laws, but the IRS provides specific exceptions that can remove an activity from the definition of rental income. This course will break down these exceptions, helping taxpayers, real estate investors, and tax professionals understand when rental income is classified as a non-rental activity and how it should be reported. Materials used for this course were supplied by Spidell's Federal Taxletter.

This overview course may be appropriate for professionals at all organizational levels.