Navigating the "Real Estate Professional" Rules (Completed)

The IRS has recently challenged the utilization of real estate losses and the classification of qualified taxpayers. This course concentrates on the Passive Activity requirements regarding real estate activities. We will discuss provisions applicable to investors, developers, builders, brokers and contractors.

Who Should Attend
Tax practitioners who deal with real estate clients.

Topics Covered

• Rental activities and material participation
• Qualified taxpayers/Real Estate Professionals
• Grouping elections
• Recent Revenue Procedures, Cases and Announcements
• Estate and Trust Considerations
• Net Investment Income Tax Savings

Learning Objectives

• Recognize utilization of real estate losses and classification of qualified taxpayers
• Differentiate the passive activity requirements regarding real estate activities
• Identify provisions applicable to this group

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None