Real Estate: State of the Art Tax Planning Strategies (Currently Unavailable)

Author: Greg White

Join expert Greg White, CPA, as he covers essential real estate planning ideas and practical tax tools. The topics will span the life cycle of real estate:
• Strategies for purchasing real estate (including allocating the purchase price to land, building, land improvements and personal property).
• Operating real estate (including applicability of the section 199A QBID to rental real estate), real estate professionals (including when to elect to aggregate rental properties), using debt-financed distributions to convert nondeductible interest to deductible interest expense, maximizing depreciation deductions.
• Disposing of real estate, including allocating the purchase price to reduce taxes and minimizing recapture income. We’ll also cover how to utilize §1031 exchange to make a tax-free exchange into future vacation home. And comparing the advantages of a §1031 exchange vs. an investment in a qualified opportunity fund.

Publication Date: May 2020

Topics Covered

• Best depreciation method for real estate improvements, including Tax Cuts and Jobs Act changes
• Maximize the §199A deduction in the real estate rental area
• Allocate the purchase price of real estate to land, building, land improvements, and personal property
• The new rules for de minimis expensing updated for changes in the Tax Cuts and Jobs Act
• Changes made to interest deductibility area
• Should some real estate owners "elect out" even though their gross receipts are significantly below $25 million?
• Self-employment taxes and rental real estate
• Picking the right type of entity to own real estate
• Cutting-edge tax strategies for real estate professionals

Learning Objectives

• Recognize and apply strategies for real estate, including strategies available under the Tax Cuts and Jobs Act
• Identify how to determine the best depreciation method for real estate improvements
• Recognize how to maximize the §199A deduction in the real estate rental area
• Identify how to allocate the purchase price of real estate to land, building, land improvements, and personal property
• Recognize and apply the new rules for de minimis expensing
• Recognize and apply changes made to interest deductibility area
• Describe self-employment taxes and rental real estate
• Differentiate how to pick the right type of entity to own real estate
• Identify cutting-edge tax strategies for real estate professionals
• Identify which UOP as it relates to building systems
• Describe depreciation and de minimis rules
• Identify qualified improvement property
• Recognize reference tax court cases associated with rental real estate

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (8 hours)

Program Prerequisites
None

Advance Preparation
None