Description

Learn how material participation rules can significantly impact the tax treatment of your real estate activities. This course explains the IRS tests for material participation, how to distinguish active from passive activities, and strategies for documenting participation to maximize tax benefits. A detailed analysis of the self-rental passive activity rules will be given, including forms reporting examples and integrates them with the flow-through entity rules related to self-rental.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Instructor: Steven C. Dilley, CPA, JD, PhD

Target Audience

CPAs working in public accounting firms and members in industry.

Course Objectives

After attending this presentation, you will be able to...Identify the passive activity and flow-through entity rules for "real estate professionals" and show how these situations should be reported on various tax forms.Apply planning strategies and address potential pitfalls.

Prerequisites

Basic working knowledge of business and real estate taxation.