Idaho Society of CPAs

2024 Real Estate Tax Issues: Passive Activity, Self-Rental & Section 199A

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  • Location
    • Your Computer
      Your Space
      ISCPA / ACPEN Webinar, ID 00000
  • Credits
    • 4.00
  • Credit Type(s)
    • Taxes (Technical) (4.00)
  • Prerequisites

    • Basic working knowledge of individual and business taxation

  • Vendor
    • ACPEN
  • Level
    • Intermediate
  • Fields of Study
    • Taxes
  • Message
    • Virtual Experience

Description

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. A detailed analysis of the self-rental passive activity rules will be given, including forms reporting examples and integrates them with the flow-through entity rules related to self-rental.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.



  • Presented by Steven Dilley, CPA, JD, PhD

    • Delivery Format: Live Webcast Replay

    Designed For

    CPAs working in public accounting and members in industry

    Objectives

    • Identify the passive activity and flow-through entity rules for real estate professionals and self-rental property and show how these situations should be reported on various tax forms
    • To provide an in-depth discussion of the deduction for income from flow-through for real estate professionals and self-rental property

    Highlights

    • 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
    • Definition of self-rental property – both for Sections 199A and 469
    • Self-rental income from directly owned properties and reporting on Form 1040, Schedule E, page 1
    • Self-rental income from indirectly owned (partnerships, S corporations) and reporting on Form 1040, Schedule E, page 2
    • Self-rental property and the Form 8582 (passive activity), the flow-through entity grouping election, and "former passive activities" rules
    • A deep-dive look at the Section 199A flow-through entities deduction
    • Calculation of qualified business income
    • Application to rental real estate – “safe harbor” rule and aggregation rules

    Advanced Prep

    None

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    Leaders

    ACPEN Panel

    No Biography Available

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