Surgent's Real Estate Taxation: Critical Considerations

Overview

This course is a ‘deep dive’ into many aspects involving the taxation of real estate 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, operating, and selling 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. We will discuss in detail the impact that recent tax changes have had on the real estate industry, as well as new credits that are available after the Inflation Reduction Act of 2022.

Highlights

• The impact of recent tax legislation on the real estate industry
• Depreciation and recapture
• Determining the basis when acquiring real estate
• Passive activity losses
• Calculation of gain or loss on sale of real estate
• Rental operations
• Installment sales

Prerequisites

Some experience preparing tax returns involving real estate holdings and transactions

Designed For

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

Objectives

• Understand the most commonly used forms of ownership for real estate holdings and the scenario-based advantages and disadvantages of each
• Know and be able to apply the key considerations in determinations surrounding depreciation and recapture, like-kind exchanges, and the determination of passive activity losses
• Recognize how recent tax legislation impacts commercial real estate
• Recognize how recent tax legislation impacts homeowners
• Identify components for determing a property's tax basis

Preparation

None

Notice

This on-demand webcast can be taken at any time of your choosing and is valid for one year from the date of purchase. No live instructor is present, and an exam is required to earn credit. You must score 70% or higher to earn the certificate.

How do I access my Self-Study Package?

Visit https://www.surgentcpe.com/login and enter your username (your LCPA email address) and password. If you do not remember your password, press the "Forgot?" button to receive a password reset email. Once logged in, the page will refresh to display your account menu on the left side.