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21WX-0865: Real Estate Professionals, Passive Activity and Section 199A (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Tuesday, June 29, 2021
9:00am - 11:00am Central Time
2 CPE (2 technical)

When do the rules exist and how do you report them? This program provides a detailed analysis of the real estate professional passive activity rules, including forms reporting examples, and integrates those rules with when real estate is considered a "business" under the Section 199A flow-through entity deduction. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Major subjects

  • The major topics covered in this class include:
  • Definition of a real estate professional, including pros and cons
  • Integration of the real estate professional rules with reporting on Form 1040, Schedule E
  • Real estate professionals and indirectly owned (partnerships, S corporations) entity's reporting on Form 1040
  • How a "real estate business" is interpreted under the Section 199A rules and how it integrates with the passive activity rules
  • Real estate professionals and the Form 8582 (passive activities)
  • How to make the "grouping" election for passive activities and the Section 199A deduction
  • Several real-life situations illustrating the various possibilities and the consequences of failing to comply with the real estate professional standards
  • Real estate professionals and the "former passive activities" rules

Learning objective(s)

  • Provide a working knowledge of the passive activity and flow-through entity rules for real estate professionals
  • Demonstrate how these situations should be reported on various tax forms

Who should take this program?

CPAs in public practice and members in industry.

Fees

Our records indicate you are a nonmember. If you register, you will be charged $79.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $79.00
checkmark Standard Nonmember Fee $79.00

More program information

Location Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (2.0)
Level Intermediate
Format Group Internet Based
Sponsor CPA Crossings, LLC
NASBA ID#: 108744
Prerequisites Prereq. Basic working knowledge of real estate taxation.
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.