Gain a better understanding of the tax advantages, consequences, and current issues associated with the real estate industry.
More and more investors are looking to real estate trades and business as good investment opportunities in the current environment. Under the current Internal Revenue Code, there are many special rules that impact the tax treatment real estate investment and the opportunities for reinvestment of gains from the sale of real property. This topic will help guide you when looking to invest in real estate. The material will explain the passive activity rules and their application to real estate investment and will explore when a real estate loss may be available to offset other income. The information will also look at recent tax legislation and its impact on the tax treatment of real estate investments, as well as explore opportunities for tax deferral when real estate investments are sold.
Learning Objectives
- You will be able to define what may constitute dealer property if sold.
- You will be able to describe what is required in order to a real property trade or business to be considered a non-passive activity.
- You will be able to identify when a trade or business may be able to elect our of the Sec. 163(j) interest expense limitation.
- You will be able to recognize opportunities for tax deferral on the sale of real property.
Agenda
Dealer vs. Investor
- Ordinary Income vs. Capital Gain
- Impact of Dealer Property Sales on Different Entities
- Important Considerations in Determining Type of Property
Active vs. Passive (Including Real Estate Professional
- Real Estate as a Per Se Passive Activity
- Tests for Material Participation
- Qualification as a Real Estate Professional
Interest Expense Limitation and QBI
- Implications of Sec. 163(j) After TCJA
- Election Available to Real Property Trades or Businesses
- Impact of the 199A Deduction on Real Estate Activities
Tax Deferral Opportunities
- Current Issues Involving Sec. 1031 Like Kind Exchange
- Investing in Qualified Opportunity Zones
New Rules on Carried Interests
- Issuance of Profits Interest for Services
- New Sec. 1061 and Recharacterization of Gain
- Possible Legislative Changes
Speakers
Brian T. Lovett, CPA, CGMA, J.D.,
WithumSmith+Brown, PC- Partner in the East Brunswick, NJ office of WithumSmith+Brown, PC
- Practice emphasizes all aspects of real estate
- Conducts regular seminars and workshops on numerous tax issues impacting the real estate industry
- Author of several publications related to various real estate matters
- J.D. degree, Rutgers Law School- Camden; B.S. degree in accountancy, The College of New Jersey
- Can be contacted at 732-964-9343, blovett@withum.com or on Twitter® @briantlovett
Who Should Attend
This live webinar is designed for accountants, tax managers, CFOs, controllers, real estate professionals, developers, property managers, tax preparers, financial planners, lenders, and attorneys.
