Surgent's Real Estate Tax Boot Camp - Download

Overview

This course is a `deep dive’ into all things real estate tax-related 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, holding, managing, constructing, and disposing of 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 of recent tax legislation, as well as historically difficult areas of the law like passive activity and at-risk rules.

Highlights

Coverage of recent tax legislation pertaining to real estate
Installment sales
Rental operations
Depreciation and recapture
Determination of basis
Passive activity losses
At-risk rules
The qualified business income (QBI) deduction as it relates to rental real estate
Like-kind exchanges
Calculation of gain or loss on sale of real estate

Prerequisites

Some experience preparing tax returns involving real estate holdings and transactions

Designed For

Accounting and Financial Professionals who advise clients or their company on issues related to the acquisition, holding, management, and disposition of real estate

Objectives

Learn how to determine the taxpayer’s basis in the property
Learn the rules of real estate development
Learn how the IRC taxes rental operations
Learn how to calculate gain or loss on the sale of real estate
Understand the complex rules of depreciation, bonus depreciation, and Section 179
Understand when a taxpayer can take advantage of the QBI deduction under Section 199A related to rental real estate
Understand the at-risk rules
Understand the passive activity rules
Understand the like-kind exchange rules