Real Estate for Financial and Tax Professionals - Part 1
Author: Daniel Johnson
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
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
This comprehensive course is designed for professionals seeking to enhance their expertise in the complex realm of real estate financial planning and taxation. Participants will gain a deep understanding of the intricate strategies and regulations surrounding the acquisition, ownership, management, and sale of real estate properties. The course will equip participants with the knowledge and skills necessary to develop effective financial and tax strategies for their clients or organizations, covering crucial topics such as tax planning, property depreciation, and transaction analysis.
Publication Date: June 2024
Designed For
Financial/tax professionals working with executive clientele
Topics Covered
- Rental Activities
- Rental Income
- Rental Expenses
- Repair Regulations and Safe Harbor Rules
- Partial Rental Property
- Converted Rental Property
- Rental of Vacation Homes
- Rental Rules Summary
Learning Objectives
- Identify the methods and tactics employed in real estate property acquisition
- Identify the tax consequences and implications of property sales and tax-deferred exchanges
- Identify how to manage rental real estate, including income, expenses, and reporting on Schedule E
- Identify the personal itemized deductions available to real estate investors and their impact on tax planning
- Identify the complexities of at-risk and passive activity loss rules, as well as Section 199A, and their influence on real estate financial strategies
- Identify securitized real estate investments, such as REITs and REMICs, and the implications of Section 199A
- Recognize how to evaluate and interpret the tax ramifications of various real estate transactions
- Identify how to create effective real estate taxation and financial planning strategies for clients or organizations
Level
Advanced
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
Prior knowledge of Real Estate Tax
Advance Preparation
None
