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Real Estate Professionals, Passive Activity & Section 199A: Integrating the New Rules

11:00 am–12:40 pm ET

CPE SelectAvailable with CPE Select

# of CPE Credits

2

Description

This program provides a detailed analysis of the real estate passive activity rules, including forms reporting examples, and integrates those rules 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 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)

Mr. Steven C. Dilley, CPA, JD, Ph.D. ( Federal Tax Workshops, East Lansing, MI ),

Additional Event Information

Technical Support
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

Webinar
Thursday, August 5, 2021 (11:00 am–12:40 pm ET)
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Webinar
Monday, December 27, 2021 (11:00 am–12:40 pm ET)
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Share This Event

Event Vendor:Federal Tax Workshops
Field of Study:Taxes
Level: Intermediate
Other:Enrolled Agent

Event Type:Webinar
NASBA Instructional Method:Group Internet Based
Event Code:WB082121

Registration Fees

RegistrationEarly BirdRegular
CPE SelectN/A$0.00
NCACPA MemberN/A$80.00
Non-MemberN/A$105.00
CPE Sponsors LogoThe 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/.

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