{"product_id":"bilingual-schedule-e-1","title":"Bilingual Schedule E","description":"\u003cp\u003eSchedule E (Form 1040) is used to report Supplemental Income and Loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in real estate mortgage investment conduits (REMICs).\u003c\/p\u003e\n\u003cp\u003eTaxpayers use Schedule E to report rental income and deduct allowable expenses related to operating their rental properties, such as mortgage interest, property taxes, maintenance costs, and depreciation, to calculate their net rental profit or loss for the tax year. This net amount is then transferred to their individual income tax return (Form 1040).\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eObjectives\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eAfter completing this chapter, you will be able to:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eIdentify the types of income reported on Schedule E\u003cbr\u003e\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eDistinguish between repairs and improvements for tax purposes\u003cbr\u003e\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eLocate and use the rental property depreciation chart to determine appropriate depreciation periods\u003cbr\u003e\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eDetermine the holding periods for different types of property\u003cbr\u003e\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eExplain the difference between short-term and long-term capital gains\u003cbr\u003e\u003cbr\u003e\n\u003c\/li\u003e\n\u003cli\u003eIdentify what qualifies as a capital asset\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eField of Study: Federal Tax Law — 2 Hours\u003cbr\u003eCourse Level: Intermediate\u003cbr\u003ePrerequisite: General tax preparation knowledge is required\u003cbr\u003eDelivery Method: Self-Study Expiration\u003cbr\u003eDate to earn CEs: July 30, 2027\u003c\/p\u003e\n\u003cp\u003e\u003cmeta charset=\"utf-8\"\u003e\u003cem\u003eThis course qualifies for federal CE credit only; it does not satisfy CTEC continuing education requirements.\u003c\/em\u003e\u003c\/p\u003e","brand":"Latino Tax Pro","offers":[{"title":"Default Title","offer_id":51824683647282,"sku":null,"price":27.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0044\/4284\/9366\/files\/bische_1.png?v=1792080191","url":"https:\/\/latinotaxpro.com\/products\/bilingual-schedule-e-1","provider":"Latino Tax Pro","version":"1.0","type":"link"}