Please note: This course must be completed by Tuesday, December 31, 2024 at 11:59 pm ET. Please complete the course AND submit credit before the deadline. Save a copy of your Certificate of Completion for your records. Once submitted, your CPE hours will also reflect in your official CPE transcript.
The taxation of real estate can lead to some surprising results—especially when property is sold. Depreciation recapture can negatively impact a taxpayer’s taxable income in the year of the sale and lead to an unexpected tax bill. In this course, we will use practical examples and illustrations to explore the different types of recapture provisions pertaining to real estate. We will then discuss when relief may be available for a taxpayer who may have forgotten to take depreciation deductions in previous tax years.
Event Level: Overview
Who Should Attend: Tax and financial advisors who have clients who own rental real estate
Required Knowledge: Basic understanding of tax rules for rental property, capital gains, and passive activities
Advanced Preparation: Basic understanding of tax rules for rental property, capital gains, and passive activities
Vendor: Peters Professional Education
Speaker: Peters, David