Real Estate Taxation - Tax Staff Essentials

Overview

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Develop your knowledge of real estate taxation

Develop your knowledge of real estate taxation. Learn more about real estate, such as passive activity limitations, like-kind exchanges, involuntary conversions, and Section 1237.

With this knowledge, you can avoid mistakes related to these provisions and ensure that your clients receive the most current tax planning and saving strategies for their tax plans.

Highlights

Key Topics:

• Passive losses
• At-risk rules
• Like-kind exchanges
• Involuntary exchanges
• Expensing versus capitalization
• Capital versus ordinary income

Prerequisites

Experience in corporate and individual taxation

Designed For

Who Will Benefit:

Experienced accountants and private industry managers

Objectives

Learning Outcomes:

• 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 passive loss rules and an active activity that would not be subject to passive activity rules.
• Identify which properties qualify for Section 1231 treatment.
• Recognize when an involuntary conversion or like-kind exchange may be used to defer tax recognitions.
• Calculate gains and losses from property transactions.
• Distinguish among different recapture provisions.
• Determine when the rules regarding the subdivision of real estate under IRC Section 1237 apply to a transaction.