2009 Real Estate TaxationCourse Level: Intermediate CPE Credits: 16 for EAs, 8 for CTEC Price: $240 for Members and $336 for Nonmembers Prerequisite: Basic understanding of Form 1040 or NATP's Introduction to Tax Preparation course. Understanding the concepts of real estate taxation will allow the tax preparer to better serve clients and help the real estate professional increase sales. This course is divided into three sections: acquisition, ownership, and disposition of real estate. Click here to view the Table of Contents for this book.
Objectives Upon completion of this workshop, you will be able to: - Understand the tax aspects of acquiring, owning, and disposing of personal residential, rental, investment, and trade or business real property.
- Learn which expenses are deductible or nondeductible, and which must be capitalized, when property is purchased, refinanced, or developed.
- Identify deductible rental expenses and tax credits available to property owners.
- See how the passive activity rules limit rental losses.
- Discover how exchanges, installment sales, and private annuity trusts can defer taxation of gain.
- Understand the tax effects of casualty losses, condemnations, divorce and repossessions.
This course is also available as a printed textbook with a paper copy of the exam. You can purchase the course in the hard copy format from our Online Tax Store.
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