Tax Planning for Purchases and Sales of Property: Part 1
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 |
Join expert, Greg White, CPA, as he covers important tax planning ideas for property purchases and sales. We’ll cover key concepts like increasing tax deductions on the purchase of property, maximizing deductions on the purchase of property, utilizing the de minimis rule in property remodels and allocating the purchase price of property to personal property and land improvements.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2029 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 cardPublication Date: May 2026
Designed For
New and experienced practitioners.
Topics Covered
- Methods used by billionaires to delay and minimize federal tax
- Increasing Federal tax deductions on the purchase of property
- Allocating the purchase price in purchases of real estate and stock
- Maximizing the de minimis rule in remodels
- Increasing Federal tax deductions on the purchase of property
- Partial disposition losses
Learning Objectives
- Learn the advantages that income from property has compared to other types of income, including how billionaires reduce tax
- Apply a simple method to allocate purchase price among assets
- Calculate the partial disposition loss when real estate is improved
- Identify repairs vs. capital improvements using a simplified method
- Identify a planning opportunity for clients who buy into the business of an S corporation
- Identify alternative methods for rapidly recovering the cost of property
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
