Course ID: TSETRE

Real Estate Taxation – Tax Staff Essentials

In this course you will learn about several complicated real estate related topics including: passive activity limitations, like kind exchanges, involuntary conversions and Section 1237. Learn about these common problem areas and avoid mistakes in these complicated provisions. Ensure your clients receive the most current tax planning and tax-saving strategies for their tax plans.


LEARNING OBJECTIVES
  • Calculate the limitations on deducting passive activity losses and the at- risk limitations on deducting losses on a current year’s tax return
  • Distinguish between a passive activity that would be subject to the passive loss rules, and an active activity that would not be subject to passive activity rules
  • Identify which property qualifies for Section 1231 treatment
  • Recognize when an involuntary conversion or like-kind exchange may be used to defer tax recognition
  • Calculate gains and losses form property transactions
  • Identify applicable tax rate on gains from property transactions
  • Distinguish between different recapture provisions
  • Determine when the rules regarding the subdivision of real estate under IRC Section 1237 apply to a transaction

MAJOR TOPICS
  • Passive losses
  • At Risk Rules
  • Like Kind Exchanges
  • Involuntary exchanges
  • Expensing vs. Capitalization
  • Capital vs. Ordinary Income

DESIGNED FOR
Experienced accountants and private industry managers

FIELD OF STUDY
Taxes

PREREQUISITES
Experience in corporate taxation

COURSE PRODUCER
AICPA

CPE CREDITS
4.0

LEVEL
Intermediate

This course is available for your group as:

Group Live
 

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