Crucial Real Estate Insights Part 1: Acquisition Strategies (Completed)

Date: Wednesday, July 1, 2020
Instructor: Greg White
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Join Greg White, CPA, as he walks through strategies for purchasing real estate, including written allocation provisions, apportioning the purchase price to land and improvements. We’ll also discuss how to break out the purchase price apportioned to improvements into its components: Building, land improvements and personal property. We’ll cover financing considerations, including whether to elect out of section 163(j); both the costs and the benefits.

Topics Covered

  • Apportionment of purchase price
  • Purchasing interests in a qualified opportunity fund
  • Financing considerations, including whether clients should make the real property election out of section 163(j)

Learning Objectives

  • Recognize the mechanics of apportioning purchase price as part of a purchase and sales agreement
  • Describe how to compute the allocation of purchase price to land, building, land improvements and personal property

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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