Objective
- Understand the most commonly used forms of ownership for real estate holdings and the scenario-based advantages and disadvantages of each
- Know and be able to apply the key considerations in determinations surrounding depreciation and recapture, determination of basis, installment sales, rental operations and the determination of passive activity losses
Highlights
- Depreciation and recapture
- Passive activity losses
- Determination of basis
- Determination of gain or loss on sale of real estate
- Taxation of rental operations
- Installment sales
Designed For
CPAs who advise clients or their company on issues related to the acquisition, holding, management, and disposition of real estatePrerequisite
Some experience preparing tax returns involving real estate holdingsAdvanced Preparation
None