Enrolled Agent Exam [Part 2] 98, Rental Real Estate — Schedule E

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - To distinguish between currently deductible repairs and capital improvements that must be depreciated. - The correct MACRS depreciation lives: 27.5 years for residential property and 39 years for commercial property. - The de minimis rule where rental income is tax-free if a property is rented for fewer than 15 days. - How to apply the personal use test (greater of 14 days or 10% of fair rental days) to classify a vacation property. - That when vacation home rules apply, rental expense deductions are limited to rental income, and no net loss can be claimed. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep