Surgent's Real Estate Taxation: Critical Considerations Download

Overview

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.

Prerequisites

Some experience preparing tax returns involving real estate holdings and transactions

Objectives

• Learn how the Tax Cuts and Jobs Act has directly impacted the real estate industry
• Learn how to determine the taxpayer’s basis in the property
• Learn how the IRC taxes rental operations
• Understand the complex rules of depreciation, bonus depreciation, and Section 179 and how they impact the real estate industry
• Learn how to calculate the gain or loss upon the sale of real estate
• Understand the passive activity rules
• Understand the installment sale rules

Highlights

• The impact the Tax Cuts and Jobs Act has had on the real estate industry
• Determining the basis when acquiring real estate
• Rental operations
• Depreciation and recapture
• Calculation of gain or loss on sale of real estate
• Passive activity losses
• Installment sales