Crucial Real Estate Insights Part 2: Partial Dispositions, Removal Costs, & Max Interest Expense
Author: Greg White
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2027 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Join Greg White, CPA, as he covers crucial strategies for recovering the cost of real estate including partial dispositions and removal costs. He’ll also cover an efficient method for distinguishing between repairs and capitalizable expenditures. Additionally, he’ll cover the role of the tax preparer in like-kind exchanges. Finally, he’ll cover a method to convert nondeductible interest expense into deductible interest expense.
Publication Date: January 2025
Designed For
null
Topics Covered
- Place in service - Buildings
- Repair or capital improvement
- Partial disposition losses
- Removal costs
- Depreciating §1031 replacement property
- Converting nondeductible interest expense into deductible interest expense
Learning Objectives
- Identify method to convert nondeductible interest into deductible interest expense
- Recognize how to compute partial disposition losses
- Recognize how to compute depreciation for property acquired in a like-kind exchange
- Identify how many criteria must be met for a repair to qualify as a repair rather than an improvement
- Identify, on average, the approximate percentage that removal costs account for in the total project cost
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
