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