Description
When do they exist and how to report them? This program will provide a detailed analysis of the real estate professional passive activity rules, including forms reporting examples, and integrates those rules with when real estate is considered a “business” under the Section 199A flow-through entity deduction.
Objective
To provide a working knowledge of the passive activity and flow-through entity rules for "real estate professionals" and show how these situations should be reported on various tax forms.
Highlights
* Definition of a real estate professional * Pros and cons of being a real estate professional* Integration of the real estate professional rules with reporting on Form 1040, Schedule E * Real estate professionals and indirectly owned (partnerships, S corporations) entity’s reporting on Form 1040 * How "real estate business" is interpreted under the Section 199A rules and how it integrates with the passive activity rules * Real estate professionals and the Form 8582 (Passive Activities) * How to make the "grouping" election for passive activities and the flow-through deduction * Several real-life situations illustrating the various possibilities and the consequences of failing to comply with the real estate professional standards * Real estate professionals and the "former passive activities" rules
Who Should Attend
CPAs working in public accounting firms and members in industry.
Required Knowledge
Basic working knowledge of real estate taxation.
Advanced Prep
None
Event Speaker(s)
Additional Event Information
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.
If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected] .
*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via email 30 minutes prior to the start of a live online program.
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Also Available As
Monday, August 29, 2022 (10:00 am–11:40 am ET)Register >>
Wednesday, October 12, 2022 (10:00 am–11:40 am ET)Register >>
Thursday, December 15, 2022 (10:00 am–11:40 am ET)Register >>
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Registration Fees
| Registration | Early Bird | Regular |
|---|---|---|
| NCACPA Member | N/A | $85.00 |
| Non-Member | N/A | $110.00 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.