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 that recent tax changes have had on the real estate industry.

Instructor: 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

Recognize how recent tax legislation impacts commercial real estate

Recognize how recent tax legislation impacts homeowners

Identify components for determing a property's tax basis

Subjects

Comprehensive coverage of the One Big Beautiful Bill Act

The impact of recent tax legislation on the real estate industry

Depreciation and recapture

Determining the basis when acquiring real estate

Passive activity losses

Calculation of gain or loss on sale of real estate

Rental operations

Installment sales

Comprehensive coverage of the One Big Beautiful Bill Act

The impact of recent tax legislation on the real estate industry

Depreciation and recapture

Determining the basis when acquiring real estate

Passive activity losses

Calculation of gain or loss on sale of real estate

Rental operations

Installment sales

Comprehensive coverage of the One Big Beautiful Bill Act

The impact of recent tax legislation on the real estate industry

Depreciation and recapture

Determining the basis when acquiring real estate

Passive activity losses

Calculation of gain or loss on sale of real estate

Rental operations

Installment sales

Prerequisites

Some experience preparing tax returns involving real estate holdings and transactions