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Real Estate Tax Boot Camp (RETC)

  • Format Self-Study Download
  • Credits 8.00
  • Level Intermediate
  • Field of Study Taxes (8)

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.



Major Topics:

  • 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

Learning 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

Who should take this course:

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

Some experience preparing tax returns involving real estate holdings and transactions

None

Yes

No

No

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