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2024 Real Estate Professionals: Passive Activity Rules

Overview

When do they exist and how to report them? This program will provide a detailed analysis of the real estate professional passive activity rules, including forms reporting examples, and integrates those rules with when real estate is considered a "business" under the Section 199A flow-through entity deduction. 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Prerequisites

Basic working knowledge of business and real estate taxation

Objectives

  • 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

Highlights

  • Definition, pros and cons of being a real estate professional
  • Integration of the real estate professional rules with reporting on Form 1040, Schedule E
  • Real estate professionals and indirectly owned (partnerships, S corporations) entity’s reporting on Form 1040
  • How "real estate business" is interpreted under the Section 199A rules and how it integrates with the passive activity rules
  • Real estate professionals and the Form 8582 (Passive Activities)
  • How to make the "grouping" election for passive activities and the flow-through deduction 

Register Now

Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:

6144785

2 CPE Credits
Tax: 2 Credits

Registration

Member Price:
$79
Non-member Price:
$109

Registration is open through 03/28.

Friday, March 28th

11:00am to 12:49pm

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Instructor

Steven Dilley