Virtual
Real Estate Taxation 2024
Date: Nov. 26, 2024
Time: 8 a.m. – 3:30 p.m. PT
Overview
Examine significant real estate tax issues and concepts, including planning and compliance topics emphasizing tax elimination or deferral. Discuss the qualified business income deduction (Sec. 199A) as it relates to real estate investments; limited discussion of opportunity zones (Sec. 1400Z-2) relating to real estate; 1031 exchanges; home sale exclusion (IRC Sec. 121); passive activities loss rules; estate planning and gifting with real estate; and California property tax issues, updated for passage of Proposition 19 affecting parent-child transfers and transfer of assessments to a new principal residence.
Product Code
1000003000-126503
Credit Type
CPE: 8CPE-Technical: 8CTEC-TX: 8IRS-TX: 8MCLE: 6.5MCLE LS-TX: 6.5Accessibility
Closed Captioning Available
Intended Audience
CPAs, CFPs, enrolled agents and attorneys.
NASBA Field of Study
Taxes
Level of Difficulty
Intermediate
Prerequisites
Basic knowledge of real estate or tax preparation.
Advance Preparation
None
Learning Objectives
Major Subjects
- California property taxation—updated in light of Proposition 19 passage
- Qualified business income deductions [IRC Sec. 199A]
- Opportunity zone deferral related to real estate [IRC Sec. 1400Z-2]
- Passive activities loss rules [IRC Sec. 469]
- Real estate professional rules [IRC Sec. 469(c)(7)]
- Interest expense deduction rules [IRC Sec. 163]
- Home sale exclusion [IRC Sec. 121]
- 1031 exchanges
- Estate planning and gifting with real estate
Other Dates
Faculty
Additional Details
This is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.