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KK. Taxation of Rental Real Estate Transactions From Acquisition to Operation to Disposition

Course Price: N/A
CPE Credits
June 1, 2021
Course Time
10:00 AM
Advanced Preparation
Course Level
Paul La Monaca CPA, MST

Course Description

IRS: Federal Tax Law Topics 3 CPE/Federal Tax Law Update 1 CPE

CTEC: Tax Law 3 CPE/Tax Update 1 CPE

NASBA: Taxes 4 CPE

This course discusses the federal income tax issues on the acquisition, operation and disposition of rental real estate. It reviews basis, depreciation, §469 Passive Activity Losses, §1250 Unrecaptured Depreciation and levels of Capital Gain and Loss recognition. Issues concerning transactions effected by the “Tax Cuts and Jobs Act” will be reviewed where applicable.

Learning Objectives

At the completion of this course the Tax Professional will:

  • Identify the tax considerations when acquiring rental real estate and the different ways of acquiring it

  • Determine costs allowed to be deducted as §162 operating expenses, treatment of repairs and maintenance, and §263 capitalization issues and calculate the proper adjusted basis of the property

  • Calculate the capital gain or loss realized vs. recognized when the property is disposed of in a sale or exchange

  • Understand the tax consequences of a disposition via an outright sale, §453 installment Sale, and §1031 Like-kind Exchange transaction

  • Understand the federal income tax consequences of §1038 Reacquisition of Real Estate when the buyer defaults on a §453 Installment Sale Agreement

  • Understand the federal income tax issues of §1033 Involuntary Conversion of Property

Administration Policies: NSTP follows strict administrative policies
Late Registration
  • Registrations must be received no later than 7 days prior to the seminar date.
  • Registrations received after this date will be subject to a $35 late fee.
  • NSTP provides refunds to registrants up to 7 days prior to the date of the course. For those registrants canceling within 14 days prior to the date of the course NSTP will allow attendance at another seminar site. If there are extraordinary circumstances NSTP will allow the participant to attend a future education course. An administrative charge of $25 will be assessed if canceled. For more information regarding refund, cancellation and complaint policies, please contact our offices at 800-367-8130
  • NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.
  • We do not accept walk-in attendees. Payment must be received in advance of the class. Classes may not be retaken without payment.
  • Seminar materials and seminar presentations are intended to stimulate thought and discussion and to provide attendees the useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any particular tax procedure, tax planning technique or device or suggestion or any of the tax consequences associated with them.
  • Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.
Attendance Policy
  • Only paid registrants are able to attend seminars. In consideration of your fellow attendees, guests will need to depart before the session begins. The seminar lunch is for paid registrants only and is included in the registration fee.