Passive Loss Rules and Real Estate Professionals

Authored by Annette Nellen
About this Course
Topics covered include: Mechanics of the Section 469(c)(7) "real estate professional" rule; The rationale for the rule; How the rule interacts with other aspects of the passive activity rules and in planning; Recordkeeping considerations; Tips for avoiding problems under this special rule Upon successful completion of this course, you should be able to: Recognize how the Section 469(c)(7) "real estate professional" rule works; Describe the rationale behind this special rule; Identify the real estate rental grouping options and how to make a grouping election; Identify an appreciation of how to avoid problems in applying the special rule; Describe the benefits of being a real estate professional; Differentiate when an individual is classified as a real estate professional under Section 469(c)(7) and the requirements; Recognize when §469 applies to entities under passive activity losses and credits; Identify how many hours related to activity a taxpayer is concluded to materially participate in rental activity; Describe the percentage new §199A QBID deduction allows for; Differentiate real cases and how they apply to your clients; Identify when passive activity losses and credits are usable based on IRS regulations; Recognize how to apply the material participation test; Identify a common issue or pitfall with respect to passive loss rules and real estate professionals; Identify the formula for determining the net investment income tax.
$ 42.50
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NASBA Field of Study
Taxes
Level
Basic
CPE Credits
2.0
Prerequisites
None
Last Updated
09/26/2018
14722