Gain a better understanding of the tax advantages, consequences, and current issues associated with the real estate industry.
The entire landscape was changed by the Tax Cut and Jobs Act of 2017 (TCJA). TCJA effects real estate in numerous ways including: what qualifies for section 179, changes in like kind exchanges, depreciation and other areas. Additionally, pass-through entities, including those holding real estate will qualify for some income exemption. The Bipartisan Budget Act of 2015 made sweep changes to the effects of an IRS audit. It is important to recognize the effect of these changes and what changes should be considered to entity agreements.
Learning Objectives
- You will be able to differentiate the various types of income included in Qualified Business Income.
- You will be able to identify qualified trades or businesses.
- You will be able to identify deductions beneficial to real estate tax issues.
- You will be able to recognize limitations and regulations pertinent to real estate tax issues.
Credit
More Program Information
Why Lorman?
Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Like Kind Exchanges
- New TCJA Limitations
- What Can Be Exchanged
Capitalization
- TCJA Changes
- 179
- Repairs
Depreciation
- Buildings
- Land Improvements
- Personal Property
Qualified Business Income Deduction (ยง199A)
- Applicable Percentage Exclusion
- Calculation
Real Estate Professional
- Requirements
- Advantages
Bipartisan Budget Act
- Taxpayer Representative
- Effect of an IRS Audit
- Partnership Agreement
Choice of Entity
Sale or Real Estate Capital Gain or Ordinary Income
Credit
More Program Information
Why Lorman?
Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on January 10, 2019.
Call 1-866-352-9540 for further credit information.
CPE/NASBA - QAS Self Study 2.0 including Taxes 2
- Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Credit
More Program Information
Why Lorman?
Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Michael Koppel
Retired Partner of Gray, Gray & Gray, LLP
- Retired from active practice, was the senior tax partner of Gray, Gray & Gray LLP, a regional CPA firm head quartered in Canton, Massachusetts
- Has done more than 45 tax based seminars and webinars
- Has published more than 20 tax based articles and has been the editor of the Tax Clinic portion of the Tax Advisor, the official tax magazine of the AICPA of approximately 15 years
- Member of the AICPA and Massachusetts Society of CPAs
- Can be contacted at 617-775-2129 or [email protected]
Credit
More Program Information
Why Lorman?
Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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