Description

This course is a 'deep dive' into many aspects involving the taxation of real estate for the mid-level practitioner moving into this complex area. You will deepen your understanding of the complex considerations and strategies that individuals must navigate in acquiring, operating, and selling real estate. You will leave the course able to navigate critical issues associated with the relevant returns and plan strategically for your company or clients. We will discuss in detail the impact the Tax Cuts and Jobs Act continues to have on the real estate industry, as well as the impact of COVID-19.

Presented by Dave Peters, CPA, CFP, CLU, CPCU, MST, MBA

Target Audience

Accounting and Finance Professionals who advise clients or their company on issues related to the acquisition, operating, and selling of real estate

Course Objectives

• Understand the most commonly used forms of ownership for real estate holdings and the scenario-based advantages and disadvantages of each
• Know and be able to apply the key considerations in determinations surrounding depreciation and recapture, like-kind exchanges, and the determination of passive activity losses

Subjects

• Depreciation and recapture
• Passive activity losses
• Determination of basis
• Determination of gain or loss on sale of real estate
• Taxation of rental operations
• Installment sales

Prerequisites

Some experience preparing tax returns involving real estate holdings and transactions