February 13, 2023


Webinar


2 Total CPE Credits

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Real Estate Professionals, Passive Activity and Section 199A

Learning Objectives

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

  • Apply the passive activity and flow-through entity rules for real estate professionals and show how these situations should be reported on various tax forms

Major Topics

The major topics covered in this class include:

  • Definition of a real estate professional
  • Pros and cons of being a real estate professional
  • 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 "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 flow-through 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

CPE Credits Available

2
Total CPE
2
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

Basic working knowledge of real estate taxation.

Advanced Preparation

None

Intended Audience

CPAs working in public accounting firms and members in industry.

Provider

CPA Crossings

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  • ASCPA Non-Member

    $ 129 129
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