Surgent's Tax Planning for Rental Real Estate
Online
4.00 Credits
Member Price $159.00
Non-Member Price $224.00
Overview
The taxation of real estate is tricky. Taxpayers can own real estate in a number of different ways, including direct and indirect investments. There are numerous exceptions to being classified as a rental activity. How do you know if someone is a real estate professional? In this course, we will explore all these issues and many more. Through real-world examples and discussion, this course will delve into exceptions to rental status, qualifications for material participation, and requirements for active status. Additionally, we will cover the QBI and Section 1237 safe harbors and touch on some planning ideas related to depreciation recapture.
Objectives
- Understand exceptions to rental status
- Identify the different types of depreciation recapture that apply to rental properties
- Recognize tax planning opportunities for personal and vacation properties
- Identify how the Section 1237 safe harbor may be used to avoid ordinary income tax treatment on divided land parcel sales
Highlights
- Rental activities and passive activities
- Material participation
- Real estate professional status
- Active participation status
- Depreciation recapture – Sections 1245, 1250, and 291
- Vacation homes rented out
- QBI deduction and rental properties
- Section 1237 safe harbor for divided parcel sales
- Practitioner considerations
Designed For
Accounting and finance professionals who wish to know about the taxation of rental real estate
Prerequisites
None
Preparation
None
Notice
To access this program, log into your CTCPA account at https://www.ctcpas.org/my-cpe/upcoming and click on the orange "Launch Event" button.
Leader(s):
Leader Bios
David Peters, Peters Professional Education LLC
David R. Peters, CPA, CFP, CPCU, MST, MBA
David Peters is the Founder and Owner of David Peters Financial Group and Peters Tax Preparation & Consulting, PC. David has over sixteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry.
David was the first-ever Chief Financial Officer at Compare.com - a position he held for more than three years. Currently, David is a National Instructor for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States. David holds four master’s degrees, and is currently pursuing his PhD in Financial Planning. He contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. David was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.
Non-Member Price $224.00
Member Price $159.00