Empire Learning | Course Description
Tax Benefits of Residential Rental Property
This course is
In this course, we will cover the financial issues related to residential rental property, including the rental of vacation homes. We will cover what counts as income and how to allocate expenses. You will see how to recover the cost of income producing property through annual tax deductions and learn how to report rental income and expenses on tax returns. You will also see how to handle the tricky situations when you have personal use of a property you rent out.
At the completion of this course, you should feel confident that you know how to handle the tax implications involved with owning residential rental property.
NM Approval #: 21060202
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Empire Learning is approved by the New Mexico Real Estate Commission to offer the courses shown above for continuing education credit for New Mexico real estate licensees. Each of the courses is individually approved and has a specific approval number that will be displayed on your completion certificate.
New Mexico course approval can be verified on NMREC website. Click the "List of Approved Courses" link on the website to view all approved courses.
Note: New Mexico continuing education requirements recently changed. Renewals now require 4 hours of Core Elective and 4 hours of Ethics for every 3-year renewal cycle. Licensees will additionally be required to complete a mandated annual 4-hour CORE course in-person.