Real Estate Taxation: Critical Considerations

Tuesday, November 05, 2024
8:30 AM - 12:00PM (opens at 8:00 AM) EST
4Credits
Technical Business

Registration is Open

Members
$169.00 Regular Price
Non-Members
$234.00 Regular Price
Course Type: CPE Seminars
Course Code: 24/RET411WS
Level: Intermediate
Vendor: Surgent
Field of Study: Taxes

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 that recent tax changes have had on the real estate industry, as well as new credits that are available after the Inflation Reduction Act of 2022.

Speaker - Nicola, Jr. JD, CPA, CVA, Joseph P.

Objectives:

Understand the most commonly used forms of ownership for real estate holdings and the scenario-based advantages and disadvantages of each Know and be able to apply the key considerations in determinations surrounding depreciation and recapture, like-kind exchanges, and the determination of passive activity losses Recognize how recent tax legislation impacts commercial real estate Recognize how recent tax legislation impacts homeowners Identify components for determing a property's tax basis

Presenters:

  • Joseph Nicola Jr.

    Joseph P. Nicola, Jr. JD, CPA, CVA Joe Nicola is a Tax Partner with more than thirty-five years of experience in public accounting. Joe has experience in many diverse areas of taxation, including the taxation of and planning for individuals, family offices, and various forms of business entities, such as corporations, partnerships, and limited liability companies. Joe is particularly experienced...

    Read more about Joseph Nicola Jr. here

Presenters:

Joseph Nicola Jr.

Joseph P. Nicola, Jr. JD, CPA, CVA Joe Nicola is a Tax Partner with more than thirty-five years of experience in public accounting. Joe has experience in many diverse areas of taxation, including the taxation of and planning for individuals, family offices, and various forms of business entities, such as corporations, partnerships, and limited liability companies. Joe is particularly experienced...Read more about Joseph Nicola Jr. here

Major Topics:

The impact of recent tax legislation on the real estate industry Depreciation and recapture Determining the basis when acquiring real estate Passive activity losses Calculation of gain or loss on sale of real estate Rental operations Installment sales

Major Topics:

The impact of recent tax legislation on the real estate industry Depreciation and recapture Determining the basis when acquiring real estate Passive activity losses Calculation of gain or loss on sale of real estate Rental operations Installment sales

Designed For:

Accounting and Finance Professionals who advise clients or their company on issues related to the acquisition, operating, and selling of real estate

Prerequisites:

Some experience preparing tax returns involving real estate holdings and transactions