Cutting Edge Tax Strategies for Real Estate: Part 1

Author: Greg White

Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2027 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card

In this four-hour CPE course, you'll get a deep dive into all the important topics crucial to advising clients about the latest developments in taxation of real estate investments and development. Experienced practitioner and instructor Greg White, CPA will discuss like-kind exchanges, bonus depreciation and §179 as revised by TCJA and the CARES Acts, the 20% qualifying business income deduction (QBID) and its application to real estate, maximizing tax benefits when buying or selling real estate, and getting the benefits of a cost segregation study without the expense.

Don't miss this chance to get an in-depth look at the changes in real estate taxation so you can advise real estate investors and developers with confidence.

Publication Date: December 2024

Designed For
All CPAs, EAs, and other tax professionals as well as tax staff who work with real estate transactions and related tax issues.

Topics Covered

• Writing off removal costs when real estate is improved
• Maximizing the new 20% qualified business income deduction for real estate rental property
• Allocating purchase price in the most advantageous manner and reducing the likelihood of disagreement with the IRS
• The new bonus depreciation rules for real property (updated for TCJA)
• The revised §179 expense rules for real property (updated for TCJA)
• Taking partial disposition losses when real estate is improved
• Reducing the effects of the net investment income tax on real estate
• Minimizing the effects of the passive loss rules
• Getting maximum benefit from personal property and land improvements
• Using the qualifying business income deduction for real estate developers, contractors and subcontractors

Learning Objectives

• Identify the best depreciation method for real estate improvements, including Tax Cuts and Jobs Act and CARES Act changes
• Recognize the best way to maximize the §199A deduction in the real estate rental area
• Identify and apply the new rules for de minimis expensing updated for changes in the Tax Cuts and Jobs Act
• Recognize and apply changes made to interest deductibility area. Should some real estate owners "elect out" even though their gross receipts are significantly below $28 million?
• Identify cutting-edge tax strategies for real estate professionals
• Identify the course case in which the Tax Court foudn that fair market value is always an approximation
• Identify the year the AICPA requested a waiver from the “syndicate” rule
• Identify the express limit with respect to the §179 “QRP” rule and partial dispositions
• Identify how many hurdles must be cleared in order for a repair to be expensed
• Identify the eligible bonus depreciation percent for property placed in service after 2027

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
Basic understanding of federal income taxation of real estate transactions.

Advance Preparation
None