Taxation specific to the real estate industry is awash with special tax laws that are complex
and associated with the real estate industry. The current tax laws and regulations may
determine profitability when acquiring and disposing of real property. Special tax laws have
been promulgated to mitigate the tax burdens, which in turn may determine returns on
investment in real property. Historically, the partnership and, more recently, the limited
liability company entities are the most commonly used forms of ownership when acquiring
or constructing real property. The seminar explores how partnership taxation using either
type of entity applies in many areas of the real estate industry.
DESIGNED FOR
Accounting and financial professionals in public practice or industry that practice in the
real estate industry
BENEFITS
- Plan and comply with taxation provisions affecting partnerships,LLCs, & corporations.
- Recognize opportunities to mitigate tax burdens.
- Work with clients and associates to structure real estate deals providing a favorable tax status.
- The tax treatment of cancellation of indebtedness issues.
- Strategies for exiting partners.
HIGHLIGHTS
- Disposition of real property, including Section 1031 exchanges, contributions of real property and involuntary conversions
- Forms of ownership
- Organization and syndication costs
- Contribution of property with built-in gain or loss
- Disguised sales
- Acquiring real property
- Identifying assets
- Depreciating real property
- Sale and disposition of real estate
- Tax treatment of lease activity
- Complexities of Section 467 lease arrangements
- Passive activity, tax basis and at-risk basis limitations
- Planning techniques to reduce taxes upon disposition of real property
- Understand the complexities of the Opportunity Zone Fund regulations
COURSE LEVEL
Intermediate
PREREQUISITES
General tax knowledge.
ADVANCE PREPARATION
None