Back to Search

Real Estate Professionals, Passive Activity and Section 199A Webinar

CPE

When
Sept. 27
9:30 - 11:30 a.m.

CPE Credits
2-Tax

Details

 Pricing

PICPA Member: $79 | Nonmember: $104


 More Information

Course No.
FTSDRPP2
Level
Intermediate
Prerequisites
Basic working knowledge of real estate taxation.
Note
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.

Description

When do the rules exist and how do you report them? This program provides 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.

Learning Objectives:

After attending this presentation you will be able to...

  • Provide a working knowledge of the passive activity and flow-through entity rules for real estate professionals
  • Demonstrate how these situations should be reported on various tax forms

Highlights

The major topics covered in this class include:

  • Definition of a real estate professional, including pros and cons
  • 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 a "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 Section 199A 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


Speaker(s)


You May Also Like

The Section 199A Deduction: Rules and Forms Reporting Webinar
Nov. 5 | Webinar
This program addresses the Section 199A deduction for flow-through entity income, including a review of the major provisions, forms reporting and recent developments. This event may be a rebroadcast ...
Business Tax Update with Steve Dilley Webinar
Nov. 3 | Webinar
A discussion of the numerous 2020/2021 tax legislation impacting business taxpayers, with a focus on important provisions, rules and concepts. This course is designed to provide the practitioner with the ...
Partnership/LLC Taxation: Tax Basis Capital Accounts Webinar
Nov. 9 | Webinar
This program addresses the most recent developments impacting partnerships operating as LLCs, with a focus on legislative, administrative, and tax form changes. Emphasis will be placed on partners "tax basis" ...