A CPA's Guide to Tiny Homes and Other Alternative Properties

Overview

Living in tiny homes and alternative properties is increasingly common in the U.S. People choose these homes to simplify life, reduce carbon footprints, or for financial reasons. Understanding these choices helps CPAs and financial advisors assist clients interested in nontraditional housing or renting out alternative properties.

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License or Certification

Regulator

Learning Objectives

describe the "tiny house movement" and the factors that attract some to tiny house living
list the advantages and disadvantages of tiny house living
explain the characteristics of, and differences between, tiny house villages, and micro-villages
describe the characteristics of other types of small alternative houses including manufactured, modular, panel, log, and jewel box homes as well as converted school buses, RVs, and cob houses
recall property tax, sales tax, and other tax implications of owning an alternative property
remember the basic rules associated with rental income and expenses for income-generating property
recognize some of the zoning and other types of state and local regulations that can affect an owner's overall tax burden

Designed For:

CPAs and other financial advisors at any stage in their careers

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Course Information

Adding additional credit may change exam requirements.

Advanced Preparation:

None

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