MNCPA Crucial Real Estate Tax Strategies (Webinar)
6/2/20261:00 PM - 4:30 PM CST
Location: Virtual
Event Description
Explore key tax strategies for real estate investors and their advisers. Gain insights into optimizing real estate purchases, navigating passive activity rules -- including exceptions for real estate professionals and short-term rentals-- and leveraging the self-employment tax exception for rental real estate. Learn how to maximize deductions through partial disposition losses, convert nondeductible interest into deductible expenses and execute like-kind exchanges effectively. Unpack the complexities of Airbnb taxation and take a deep dive into claiming bonus depreciation, Section 179 deductions and de minimis deductions on real estate.
Major subjects
*Apportionment of purchase price.
*Bonus depreciation, Section 179 and de minimis expense for real estate.
*Partial disposition losses.
*Deducting removal costs.
*Depreciating property acquired in a like-kind exchange.
*Converting nondeductible interest expense into deductible interest expense.
*Section 199A for rental real estate.
*Self-employment tax for rental real estate (including Airbnb's).
*The "Augusta rule."
*Special rules that apply to real estate professionals and short-term rentals.
Learning objective(s)
*Recognize the mechanics of apportioning purchase price as part of a purchase of real estate.
*Identify property that qualifies for bonus depreciation, Section 179 and de minimis expense.
*Identify methods to convert non-deductible interest into deductible interest expense.
*Recognize how to compute partial disposition losses.
*Recognize how to compute depreciation for property acquired in a like-kind exchange.
*Identify real estate income that's eligible for the Section 199A 20% qualifying business income deduction.
*Identify real estate professionals.
*Compute real estate losses allowed for active participants.
*Identify strategies for participating in like-kind exchanges.
Who should take this program?
Tax professionals who have clients that own real estate.
Prerequisites: Some experience with real estate tax recommended.
Advance prep: None
Field(s) of study: Taxes - Technical (4.0)
Level: Intermediate
Format: Group Internet Based
Instructor: George Koutelieris, CPA and Greg White, CPA
George Koutelieris, CPA, MS-Tax, is the managing shareholder of the CPA firm Johnson & Shute, P.S. in Bellevue, Washington. He has more than 22 years of tax accounting experience. George is a frequent lecturer for organizations providing professional education to other tax CPAs and has written and presented live courses and webinars, covering a wide range of tax topics, for the last eight years.
Greg White, CPA, has practiced tax for more than 40 years, is licensed to practice in U.S. Tax Court and has argued cases before the Tax Court. He is founder and shareholder in the Seattle CPA firm WGN, P.S. and served as an adjunct professor at the Golden Gate University’s Seattle campus for more than 14 years. Greg has been named a “Top 50” IRS Practitioner by CPA Magazine.
Fees:
$220 Member / $270 Nonmember
Major subjects
*Apportionment of purchase price.
*Bonus depreciation, Section 179 and de minimis expense for real estate.
*Partial disposition losses.
*Deducting removal costs.
*Depreciating property acquired in a like-kind exchange.
*Converting nondeductible interest expense into deductible interest expense.
*Section 199A for rental real estate.
*Self-employment tax for rental real estate (including Airbnb's).
*The "Augusta rule."
*Special rules that apply to real estate professionals and short-term rentals.
Learning objective(s)
*Recognize the mechanics of apportioning purchase price as part of a purchase of real estate.
*Identify property that qualifies for bonus depreciation, Section 179 and de minimis expense.
*Identify methods to convert non-deductible interest into deductible interest expense.
*Recognize how to compute partial disposition losses.
*Recognize how to compute depreciation for property acquired in a like-kind exchange.
*Identify real estate income that's eligible for the Section 199A 20% qualifying business income deduction.
*Identify real estate professionals.
*Compute real estate losses allowed for active participants.
*Identify strategies for participating in like-kind exchanges.
Who should take this program?
Tax professionals who have clients that own real estate.
Prerequisites: Some experience with real estate tax recommended.
Advance prep: None
Field(s) of study: Taxes - Technical (4.0)
Level: Intermediate
Format: Group Internet Based
Instructor: George Koutelieris, CPA and Greg White, CPA
George Koutelieris, CPA, MS-Tax, is the managing shareholder of the CPA firm Johnson & Shute, P.S. in Bellevue, Washington. He has more than 22 years of tax accounting experience. George is a frequent lecturer for organizations providing professional education to other tax CPAs and has written and presented live courses and webinars, covering a wide range of tax topics, for the last eight years.
Greg White, CPA, has practiced tax for more than 40 years, is licensed to practice in U.S. Tax Court and has argued cases before the Tax Court. He is founder and shareholder in the Seattle CPA firm WGN, P.S. and served as an adjunct professor at the Golden Gate University’s Seattle campus for more than 14 years. Greg has been named a “Top 50” IRS Practitioner by CPA Magazine.
Fees:
$220 Member / $270 Nonmember
