Real Estate Professionals and Passive Activity: When Do They Exist and Howto Report Them

The start date for this course has passed. Registration is no longer available.

This course is 2.00 credits
Instructor
Steven C. Dilley, CPA, JD, PhD
Field of Study
Tax
Course Level
Intermediate
Vendor
CPA Crossings LLC

Instructor

Steven C. Dilley, CPA, JD, PhD

Registration Fees

MSCPA-AICPA Member
$79.00
MSCPA Member
$79.00
AICPA Member
$79.00
Non-Member
$79.00
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Tuesday, Feb 13, 2018
12:00pm – 2:00pm

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This program presents a detailed analysis of the real estate professional passive activity rules, including forms reporting examples. This course qualifies for PTIN credit. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions either during or after the event.
This program presents a detailed analysis of the real estate professional passive activity rules, including forms reporting examples. This course qualifies for PTIN credit. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions either during or after the event.

Designed For

CPAs working in public accounting firms and members in industry.

Course Objectives

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.

Major Subjects

  • 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) reporting on Firm 1040, Schedule E.
  • Real estate professionals and the Form 8582 (passive activities).
  • How to make the "grouping" election.
  • Several real-life situations illustrate the various possibilities and discuss the consequences of failing to comply with the real estate professional standards.
  • Real estate professionals and "former passive activities" rules.


Prerequisites

None

The start date for this course has passed. Registration is no longer available.

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