Crucial Real Estate Insights Part 4: Passive Loss Issues and Dispositions
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 12/31/2028 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 to help you maneuver through the passive activity area, including a deep dive into real estate professionals and short-term rentals. We’ll cover like-kind exchange strategies and minimizing the tax burden of taxable dispositions of real estate.
Publication Date: February 2025
Topics Covered
- Rentals usually automatically passive
- §1014 step-ups
- Dispositions
- Reducing ordinary income on real estate sales
- Like-kind exchanges
Learning Objectives
- Identify common types of real estate professionals
- Recognize and apply like-kind exchange strategies
- Identify how to minimize ordinary income recapture on the sale of real estate
- Identify the type of statutory trust that allows individuals to delegate the management of their property
- Identify the professional category that is an exception to the automatic passive rule for rental income or losses
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
