Events Search
  Summary & Check Out (0)
Monday, September 27, 2021 Live Webcast

Real Estate Professionals, Passive Activity and Section 199A (X2-19744)

9:30 AM - 11:30 AM EDT
webcast

Vendor Platform

2.0 CPE Credits in TX

OVERVIEW

DESIGNED FOR

CPAs in public practice and members in industry.

BENEFITS

After attending this presentation you will be able to...

  • Provide a working knowledge of the passive activity and flow-through entity rules for real estate professionals
  • Demonstrate 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, including pros and cons
  • Integration of the real estate professional rules with reporting on Form 1040, Schedule E
  • Real estate professionals and indirectly owned (partnerships, S corporations) entity's reporting on Form 1040
  • How a "real estate business" is interpreted under the Section 199A rules and how it integrates with the passive activity rules
  • Real estate professionals and the Form 8582 (passive activities)
  • How to make the "grouping" election for passive activities and the Section 199A deduction
  • Several real-life situations illustrating the various possibilities and the consequences of failing to comply with the real estate professional standards
  • Real estate professionals and the "former passive activities" rules

COURSE LEVEL

Intermediate

PREREQUISITES

Basic working knowledge of real estate taxation.

ADVANCE PREPARATION

None

INSTRUCTOR

Steven Dilley

Steven C. Dilley, CPA, J.D., Ph.D.

PRICING

$69.00 - Member

$89.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

CPA Crossings