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2024 Real Estate Professionals: Passive Activity Rules

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Virtual

2.00 Credits

Member Price $79.00

Non-Member Price $109.00

Overview

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.

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 

Prerequisites

Basic working knowledge of business and real estate taxation

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

Preparation

None

Non-Member Price $109.00

Member Price $79.00