IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Real Estate Income Tax Issues (OnDemand Webinar)

$219.00

SKU: 409118EAU

Description

Gain a better understanding of the tax advantages, consequences, and current issues associated with the real estate industry.More and more investors are looking to real estate trades and business as good investment opportunities in the current environment. Under the current Internal Revenue Code, there are many special rules that impact the tax treatment real estate investment and the opportunities for reinvestment of gain from the sale of real property. This topic will help guide you when looking to invest in real estate. The material will explain the passive activity rules and their application to real estate investment and will explore when a real estate loss may be available to offset other income. The information will also look at recent tax legislation and its impact on the tax treatment of real estate investments, as well as explore opportunities for tax deferral when real estate investments are sold.

Date: 2021-10-27 Start Time: End Time:

Learning Objectives

Dealer vs. Investor
• Ordinary Income vs. Capital Gain
• Impact of Dealer Property Sales on Different Entities
• Important Considerations in Determining Type of Property

Active vs. Passive (Including Real Estate Professional
• Real Estate as a Per Se Passive Activity
• Tests for Material Participation
• Qualification as a Real Estate Professional

Interest Expense Limitation and QBI
• Implications of Sec. 163(j) After TCJA
• Election Available to Real Property Trades or Businesses
• Impact of the 199A Deduction on Real Estate Activities

Tax Deferral Opportunities
• Current Issues Involving Sec. 1031 Like Kind Exchange
• Investing in Qualified Opportunity Zones

New Rules on Carried Interests
• Issuance of Profits Interest for Services
• New Sec. 1061 and Recharacterization of Gain
• Possible Legislative Changes

AIPB ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Brian T. Lovett, CPA, CGMA, J.D.-WithumSmith+Brown, PC

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Real Estate Income Tax Issues (OnDemand Webinar)

$219.00

SKU: 405524EAU

Description

Gain a better understanding of the tax advantages, consequences, and current issues associated with the real estate industry.The entire landscape was changed by the Tax Cut and Jobs Act of 2017 (TCJA). TCJA effects real estate in numerous ways including what qualifies for section 179, changes in like kind exchanges, depreciation and other areas. Additionally, passthrough entities, including those holding real estate will qualify for some income exemption. The Bipartisan Budget Act of 2015 made sweep changes to the effects of an IRS audit. It is important to recognize the effect of these changes and what changes should be considered to entity agreements.

Date: 2019-01-10 Start Time: End Time:

Learning Objectives

Like Kind Exchanges
• New TCJA Limitations
• What Can Be Exchanged

Capitalization
• TCJA Changes
• 179
• Repairs

Depreciation
• Buildings
• Land Improvements
• Personal Property

Qualified Business Income Deduction (§199A)
• Applicable Percentage Exclusion
• Calculation

Real Estate Professional
• Requirements
• Advantages

Bipartisan Budget Act
• Taxpayer Representative
• Effect of an IRS Audit
• Partnership Agreement

Choice of Entity

Sale or Real Estate Capital Gain or Ordinary Income

CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Michael Koppel-Retired Partner of Gray, Gray & Gray, LLP