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Residential Rental Property

In this course we will discuss the taxation rules for including rental income in respect of a residential rental activity.  Discussion of allowable deductions, depreciation and the various restrictions on losses is included.  Participants will also learn how to prepare the Schedule E for a property that had maximum personal use during the year. 


After completing this course, Rental of Residential Property, participants will be able to:

  • Identify what amounts to include in rental income
  • Recognize which expenses are deductible against rental income
  • Calculate depreciation on rental assets
  • Know the limits of the at-risk rules and passive activity loss limitations
  • Differentiate between minimum and maximum personal use of a rental property
  • Explain the vacation property loss limitations
  • Analyze information provided by the client
  • Prepare Schedule E – Rental Income

Course Guidelines

  • The self-study format allows you to access the material online 24/7 and study at your own pace
  • All Self-Study courses are to be completed, and the final exam submitted, within 1 year from the date of purchase as shown on your invoice. No extensions will be allowed.
  • To obtain CE credit, the participant must obtain a passing score of at least 70%.  Test takers will not be provided feedback on incorrect answers
  • Complete your final exam at any time and get graded instantly. You can retake the exam up to three times at no additional charge.
  • Upon passing the exam, you will be able to print your own certificate of completion.


This course material deals with complex matters and may not apply to particular facts and circumstances.  As well, the material contained reflects laws and practices which are subject to change.  For these reasons, the course material should not be relied upon as a substitute for specialized professional advice