This program will provide 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.
DESIGNED FOR
CPAs working in public accounting firms and members in industry.
BENEFITS
After attending this presentation you will be able to...
- Apply the passive activity and flow-through entity rules for real estate professionals and show how these situations should be reported on various tax forms
HIGHLIGHTS
The major topics covered in this class include:
- Definition of a real estate professional
- Pros and cons of being a real estate professional
- Integration of the real estate professional rules with reporting on Form 1040, Schedul
COURSE LEVEL
Intermediate
PREREQUISITES
Basic working knowledge of real estate taxation.
ADVANCE PREPARATION
None