Real Estate Professionals, Passive Activity and Section 199A Webinar
Aug 26 11:30 - 1:30 p.m.
Online
2-Tax CPE Credits
When do they exist and how to report them? This program will provide a detailed analysis of the real estate 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 course qualifies for PTIN credit.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event. Highlights
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) 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