(CPE Savers) Real Estate Taxation: Critical Considerations

Code: CS-RET4

Date Thursday, August 8, 2019
Time 1:00pm - 4:30pm
Central Time
Location Minnesota Society of CPAs
1650 W 82nd St Ste 600
Bloomington, MN 55431-1458
Map & directions
 
CPE credits CPE 4.0
Field(s)
of study
Taxes - Technical (4.0)
Instructor Betsy O'Berry, CPA
Sannerud, Savarese & Associates, P.A.
Fees
Standard member fee $99.00
checkmarkStandard nonmember fee $129.00

Members: Please log in to receive member fee.

Description

Take a look at the critical considerations you should understand when advising clients (and preparing returns) related to acquiring, operating and selling real estate. Get guidance on how to navigate key issues associated with the relevant returns and to plan strategically for your company or clients. Plus, discuss the significant impact the Tax Cuts and Jobs Act has had on the real estate industry.

This course is part of the CPE Savers program, seminars led by new MNCPA instructors.

Who should take this program?

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

Major subjects

  • Impact of the Tax Cuts and Jobs Act (TCJA) tax reform law on the real estate industry
  • Determination of basis when acquiring real estate
  • Rental operations
  • Depreciation and recapture
  • Calculation of gain or loss on sale of real estate
  • Passive activity losses
  • Installment sales

Learning objective(s)

  • Learn how the Tax Cuts and Jobs Act has directly impacted the real estate industry
  • Learn how to determine the taxpayer’s basis in the property
  • Learn how the IRC taxes rental operations
  • Understand the complex rules of depreciation, bonus depreciation and Section 179, and how they impact the real estate industry
  • Learn how to calculate the gain or loss upon the sale of real estate
  • Understand the passive activity rules
  • Understand the installment sale rules

Notes:

Course code Code CS-RET4
Sponsor MNCPA
NASBA ID#: 139884
Level Intermediate
Format Group Live
Prerequisites Prereq. Experience preparing tax returns involving real estate holdings and transactions recommended.
Advance
prep
None