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. You will walk through the setup of the asset in tax software. The course has three goals for you the student.

What will you learn in this course?

• Learn how to record the asset purchase in the accounting books including those parts amortized, those depreciated, and those that are non-depreciable.
• Learn how to establish the depreciable or amortizable cost basis for the property.
• Review an example of setting up the various parts of the asset purchase in tax preparation software.

The video CPA's targeted tax training also offers personal and group coaching as a supplement to its lessons. Coaching helps you to prepare more quickly and completely to be a tax preparation professional. Few schools are offering to coach. Coaching and our video approach distinguish our school from others and make our classes more interesting and valuable.

A student can complete our courses with or without coaching, but we believe that being able to interact with a tax professional during a course or after taking a course is an invaluable learning experience. There is an additional fee for this product but

we hope you agree that it is worth it.