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Course Detail

Larry Stein's 2020 Guide to Complex Real Estate Tax Strategies: LLCs, OZ Funds, Depreciation, 179, Entities, 1031, Basis, COD Income, Dispositions,

Description:

Larry Stein's 2020 Guide to Complex Real Estate Tax Strategies: LLCs, OZ Funds, Depreciation, 179, Entities, 1031, Basis, COD Income, Dispositions, Acquisitions, Liabilities, and More

 

Join Larry Stein as he discusses today's complex real estate tax developments and strategies. Bonus Depreciation, 179 expensing, real estate entities, Opportunity Zone Funds, like-kind exchanges, UNICAP, basis, passive loss strategies, and more will be highlighted. This is a fast-paced discussion of real estate strategies.

Highlights:

Part One - Real Estate Tax Developments (200 Minutes)  199A - Rental real estate developments  Qualified improvement property - Depreciation update  199A - Real estate and operating entities - Aggregation and compliance  Opportunity Zone Funds (OZ Funds - IRC 1400-Z)  Like-Kind Exchanges (IRC 1031)  IRC 1031 vs. IRC 1400-Z  New tax accounting rules - UNICAP  COD Income - Tax extenders  UBTI, real estate and self-directed IRAs  179, cost recovery, and bonus depreciation  Basis - Tricks and traps  Dealer - Developer Ideas Part Two - Real Estate And Entities (200 Minutes)  Single-member uses - Real estate  Entity selection  Multi-member LLCs - Real estate  Community property considerations  Special partnership tax considerations - Capital accounts, IRC 754, IRC 752, allocations, and more!  "S" Corporation tax issues  IRS audit issues - Real estate  Passive activity loss audits and real estate professionals

Objectives:

Upon successful completion of this program, participants will be able to:  Explain the impact of The Consolidated Appropriations Act of 2020 (e.g.: tax extenders) on real estate.  Explain the rental real estate safe harbor for the 20% deduction under IRC 199A.  Explain the aggregation rules under Reg. 1.199A-4 and the disclosure rules for IRC 199A under Reg. 1.199A-6.  Explain selected insights regarding Opportunity Zone Funds (IRC 1400-Z) vs. Like-Kind Exchanges (IRC 1031).  Explain selected important basis rules.  Explain selected cost recovery rules (179, Bonus Depreciation, Qualified Improvement Property, etc.).  Explain selected single-member LLC rules that impact real estate.  Explain the impact of selected partnership tax rules.  Explain selected real estate professional tax developments.  Explain the impact of selected tax accounting rules on real estate transactions.  Explain the impact of selected "S" Corporation tax rules on complex real estate transaction

Prerequisites:

Basic knowledge of federal taxation

Designed For:

CPAs with at least six (6) years of experience. You must have a basic knowledge of federal taxation.

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