Enrolled Agent Exam [Part 1] 12, Rental Real Estate Income and Expenses

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: • How to correctly identify rental income, especially tricky items like security deposits and advance rent. • The default classification of all rental activities as passive, regardless of participation. • The specific requirements to qualify for the active participation exception. • How to apply the $25,000 maximum loss allowance against non-passive income. • The critical Modified AGI phase-out rule that reduces the $25,000 allowance for higher-income taxpayers. 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