Real Estate Professionals, Passive Activity and Section 199A
Date/Time
6/4/2024
10:00 AM - 12:00 PM Central
Course Registration
Member: $89.00
Non-Member: $109.00
Credits
2 Credits
Event Type(s)
Webinars
Event Description
This program will provide a detailed analysis of the real estate professional passive activity rules, including forms reporting examples, and integrates those rules with when real estate is considered a "business" under the Section 199A flow-through entity deduction. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

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

Instructor:
Steven C. Dilley, CPA, JD, PhD

Fields of Study:
Taxes

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
Location
Webinar
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