This program addresses the recent changes imposed by recent tax legislation that real estate owners and investors need to know, including Section 199A, the new Section 163(j) interest expense limits and the opportunity to elect out. An introduction to opportunity zones and other important issues will also be addressed.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.
DESIGNED FOR
CPAs in public practice and industry seeking an update on the latest tax developments affecting the real estate owners and investors
BENEFITS
- To provide a review and update of recent tax legislation affecting real estate tax owners and investors.
HIGHLIGHTS
- Section 179 for qualified real property
- Section 179 for nonresidential roofs, HVAC fire protection, and security systems
- Section 163(j) interest expense limitation, including electing out and ADS depreciation
- Introduction to opportunity zones
- Recent tax updates resulting from TCJA
COURSE LEVEL
Intermediate
PREREQUISITES
A basis working knowledge of real estate tax
ADVANCE PREPARATION
None
ADDITIONAL NOTES
IRS Program Number: 90EKV-T-00380-21-O. Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).