Cutting Edge Tax Strategies for Real Estate: Part 1 (Currently Unavailable)

Author: Greg White

In this four hour CPE, you'll get a deep-dive into all the important topics crucial to advising clients about the latest developments in taxation of real estate investments and development. Experienced practitioner and instructor Greg White, CPA will discuss like-kind exchanges, bonus depreciation and §179 as revised by TCJA and the CARES Acts, the 20% qualifying business income deduction (QBID) and its application to real estate, maximizing tax benefits when buying or selling real estate, and getting the benefits of a cost segregation study without the expense.

Don't miss this chance to get an in-depth look at the changes in real estate taxation so you can advise real estate investors and developers with confidence.

Publication Date: August 2021

Designed For
All CPAs, EAs, and other tax professionals as well as tax staff who work with real estate transactions and related tax issues.

Topics Covered

• Writing off removal costs when real estate is improved
• Maximizing the new 20% qualified business income deduction for real estate rental property
• Allocating purchase price in the most advantageous manner and reducing the likelihood of disagreement with the IRS
• The new bonus depreciation rules for real property (updated for TCJA)
• The revised §179 expense rules for real property (updated for TCJA)
• Taking partial disposition losses when real estate is improved
• Reducing the effects of the net investment income tax on real estate
• Minimizing the effects of the passive loss rules
• Getting maximum benefit from personal property and land improvements
• Using the qualifying business income deduction for real estate developers, contractors and subcontractors

Learning Objectives

• Identify the best depreciation method for real estate improvements, including Tax Cuts and Jobs Act and CARES Act changes
• Recognize the best way to maximize the §199A deduction in the real estate rental area
• Identify and apply the new rules for de minimis expensing updated for changes in the Tax Cuts and Jobs Act
• Recognize and apply changes made to interest deductibility area. Should some real estate owners "elect out" even though their gross receipts are significantly below $26 million?
• Identify cutting-edge tax strategies for real estate professionals
• Recognize considered improvements to land
• Identify correct statements regarding the the second step of allocating costs between land and improvements
• Describe a very valuable when renovating or remodeling residential real property
• Identify what is required in order to take advantage of the de minimis exception for immediate expensing of purchased items
• Identify what the 2026 bonus depreciation percentage will be, once bonus depreciation is phased out
• Recognize what is Qualified Replacement Property under IRC §179
• Recognize which court case provides that there is no statute of limitations for accounting changes
• Identify what solved the "depreciating two roofs" puzzle
• Recognize correct statements regarding partial dispositions
• Describe a correct statement regarding partial dispositions and removal costs

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
Basic understanding of federal income taxation of real estate transactions.

Advance Preparation
None