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OnDemand Course

Real Estate Income Tax Issues

Gain a better understanding of the tax advantages, consequences, and current issues associated with the real estate industry.

More and more investors are looking to real estate trades and business as good investment opportunities in the current environment. Under the current Internal Revenue Code, there are many special rules that impact the tax treatment real estate investment and the opportunities for reinvestment of gain from the sale of real property. This topic will help guide you when looking to invest in real estate. The material will explain the passive activity rules and their application to real estate investment and will explore when a real estate loss may be available to offset other income. The information will also look at recent tax legislation and its impact on the tax treatment of real estate investments, as well as explore opportunities for tax deferral when real estate investments are sold.

94 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 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

Dealer vs. Investor

  • Ordinary Income vs. Capital Gain
  • Impact of Dealer Property Sales on Different Entities
  • Important Considerations in Determining Type of Property

Active vs. Passive (Including Real Estate Professional

  • Real Estate as a Per Se Passive Activity
  • Tests for Material Participation
  • Qualification as a Real Estate Professional

Interest Expense Limitation and QBI

  • Implications of Sec. 163(j) After TCJA
  • Election Available to Real Property Trades or Businesses
  • Impact of the 199A Deduction on Real Estate Activities

Tax Deferral Opportunities

  • Current Issues Involving Sec. 1031 Like Kind Exchange
  • Investing in Qualified Opportunity Zones

New Rules on Carried Interests

  • Issuance of Profits Interest for Services
  • New Sec. 1061 and Recharacterization of Gain
  • Possible Legislative Changes
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Why Lorman?

Over 37 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

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on October 27, 2021.

Call 1-866-352-9540 for further credit information.

  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 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

Brian T. Lovett, CPA, CGMA, J.D.

Brian T. Lovett, CPA, CGMA, J.D.

WithumSmith+Brown, PC

  • Partner in the East Brunswick, NJ office of WithumSmith+Brown, PC
  • Practice emphasizes all aspects of real estate
  • Conducts regular seminars and workshops on numerous tax issues impacting the real estate industry
  • Author of several publications related to various real estate matters
  • J.D. degree, Rutgers Law School- Camden; B.S. degree in accountancy, The College of New Jersey
  • Can be contacted at 732-964-9343, [email protected] or on Twitter® @briantlovett
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Why Lorman?

Over 37 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.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 409118
Published 2021
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