Tax Planning for Rental Real Estate (4 hours - morning) - NEW! - Webcast
Overview
The taxation of real estate is tricky. Taxpayers can own real estate in a number of different ways, including direct and indirect investments. There are numerous exceptions to being classified as a rental activity. How do you know if someone is a real estate professional? In this course, we will explore all these issues and many more. Through real-world examples and discussion, this course will delve into exceptions to rental status, qualifications for material participation, and requirements for active status. Additionally, we will cover the QBI and Section 1237 safe harbors and touch on some planning ideas related to depreciation recapture.
OSCPA has partnered with the Washington Society of CPAs for this event.
Highlights
Rental activities and passive activities, Material participation, Real estate professional status, Active participation status, Depreciation recapture - Sections 1245, 1250, and 291, Vacation homes rented out, QBI deduction and rental properties, Section 1237 safe harbor for divided parcel sales, Practitioner considerations.
Designed For
Accounting and finance professionals who wish to know about the taxation of rental real estate
Objectives
Understand exceptions to rental status, Identify the different types of depreciation recapture that apply to rental properties, Recognize tax planning opportunities for personal and vacation properties, Identify how the Section 1237 safe harbor may be used to avoid ordinary income tax treatment on divided land parcel sales
Leader(s):
Leader Bios
Ini Adesanya, Kaplan Financial Education Dba Loscalzo Institute
Ini A. Adesanya has over 15 years US and International work experience.She has worked in various countries. Her background allows her to see the big picture of the clients' business; she works with the client throughout the business cycle.
After earning a degree in Human Anatomy, Ini decided to go into the accounting field. She took additional courses in accounting before obtaining her Masters in Taxation. After taking all the relevant courses and passing all required professional exams, Ini was able to obtain her various accounting, tax and management designations.
She has worked with various clients from various industries, increasing profitability, improving efficiency, increasing liquidity and implementing innovative tax planning strategies to help reduce taxes.Through all this, she has also helped in wealth building.
Ini also works with businesses that have complex accounting and tax issues, helping these businesses increase profitability, increase liquidity and reduce taxes.
Her background in taxation gives her an in depth understanding of tax issues allowing her help clients in the area of tax planning.(3/19/21)
Non-Member Price $250.00
Member Price $195.00