199A Final Regs and Rental Real Estate - Oh, What a Tangled Web (2 hours)

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Apr 1, 2020

Registration: 9:30 AM / Program: 10:00 AM - 12:00 PM

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

Does rental real estate (RRE) qualify for the §199A deduction? The §199A Final Regs tell us to go look at case law under §162. Case law under §162 tells us it depends on the facts and circumstances. 

When is a rental property a business? Is a triple net lease rental a business? Raw land? The answers might surprise you. This course drills down on rules and analysis needed to get you to the answers. You’ll walk away knowing what your choices are and how to reason through them.

What is the impact of being a business (or not) if the rental has net income? A loss?

Designed For

Anyone who desires to understand how rental real estate, triple net leases, land leases and self rentals interact with and qualify for the 199A deduction

Objectives

  • To learn the rules and develop the ability to capably analyze whether rental real estate, triple net leases, land leases and self rentals are qualifying businesses for the §199A deduction

Major Subjects

  • Clear analysis of cases and rulings as to whether a rental property a business
  • Candid view of Final Reg (Revenue Procedure) safe harbor for RRE
  • How to argue RRE is (or not) a qualifying business
  • When do you want (or not want) RRE to be a qualifying business
  • When the self rental rules work for (or against) you
  • Triple net leases – The naked truth 
  • Land leases – The naked truth
  • May RRE be aggregated with other properties or businesses? If so, how?
  • De-constructing the mystery and putting you in control
  • Recommended strategies to bolster your odds of success

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.