2024 Real Estate Professionals: Passive Activity Rules

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  • Location
    • Your Computer
      Your Space
      ISCPA / ACPEN Webinar, ID 00000
  • Credits
    • 1.20
  • Credit Type(s)
    • Personnel / HR (1.20)
  • Prerequisites
    • Basic working knowledge of business and real estate taxation

  • Vendor
    • ACPEN
  • Level
    • Intermediate
  • Fields of Study
    • Personnel/Human Resources
  • Message
    • Virtual Experience

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. 

**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 Burt Hamner

    • Delivery Format: Live Webcast Replay

    Designed For

    CPAs working in public accounting firms and members in industry

    Objectives

    • Identify 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, 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 

    Advanced Prep

    None

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    Leaders

    ACPEN Panel

    No Biography Available

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