As federal legislators adjust tax rules surrounding ownership and sales of real estate, it is important that CPAs stay up-to-date on real estate laws that may impact your clients. This course provides an update of real estate-related topics, including common areas of concern. You will learn what's new for rental real estate and passive activity rules; Sec. 1031 exchanges; online rental activities, Sec. 199A and more. Plus, you will take home valuable planning strategies for you and your realty clients.
1. Recognize how to treat vacation homes and second residences.
2. Determine what happens to suspended losses when a taxpayer dies, gifts or converts rental property.
3. Identify techniques for Sec.1031 exchanges.
4. Bring multiple Code sections together to pr