Purchasing Rental Property and Establishing Tax Basis

(1 HR CPE)

Course Description


In this course you will learn how the purchase of rental property is recorded in the accounting books and how the client’s cost basis for depreciation is established.

Upon completion of the course, you will:

  • Know how to record the asset purchase
  • Know how to establish cost basis
  • Know how to enter fixed asset data


IRS Course # TVZQL-T-00011-21-O

Course Price

$24.95

One time

Course Outline

  Template Info
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  Welcome
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  Recording the Asset Purchase
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  Establishing Cost Basis
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  Practical Application: Entering data on a depreciation schedule
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  Wrap up
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FAQ


How long can I access the course?

Regardless of when you enroll, you will have as long as you need to finish the program.

 

Is additional support available?

FREE group coaching is available for all Targeted Tax Training students. One-on-one coaching is also available for an additional fee.

 

How do I schedule coaching?

Upon purchasing a bundle or course that includes coaching, you'll receive further instructions on how to book a time for your appointment.

 

Are refunds available?

If you are unsatisfied with the course, please reach out to us to see if your purchase is eligible for a refund.


Meet your instructor


Michael E. Scott is a certified public accountant (CPA), owner of Scott & Scott Certified Public Accountants and the founder of Targeted Tax Training. After 45+ years gaining income tax experience, he’s now sharing his wealth of knowledge to help you establish a full-time or part-time career in tax preparation.

Learn more about Michael...