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.
Some experience preparing tax returns involving real estate holdings and transactions
- Understand the most commonly used forms of ownership for real estate holdings and the scenario-based advantages and disadvantages of each Be able to analyze the tax-specific considerations relevant to purchase and finance structuring alternatives and determine the most advantageous options Know and be able to apply the key considerations in determinations surrounding expense versus capitalization, depreciation and recapture, and the determination of passive activity losses
- Syndications and other forms of ownership Installment sales Acquisitions and leasing Depreciation and recapture Land development Passive activity losses Expensive vs. capitalization Tax-free real estate transactions At-risk rules Like-kind exchanges Capital versus ordinary income